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673 Redwood Materials Raises $350 Million for Data Center Batteries

The Information
Steve LeVine @ The Information · 10/23/2025 14:57 EDT

Redwood Materials Raises $350 Million for Data Center Batteries

Battery materials company Redwood Materials said Thursday it had raised $350 million  to expand of its new line of business repurposing used batteries to power AI data centers. Its new valuation, of more than $6 billion, is 20% higher than its last fundraising in 2023. The funding, led by ...

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