Redwood Materials

Redwood Materials cut approximately 5% of its workforce (around 60 employees from 1,200 total) in 2025 despite raising $350M and expanding operations. The company was named to TIME100 Most Influential Companies 2024. JB Straubel, Tesla's former CTO and co-founder, leads the company which has grown to 1,100+ employees and a $6B valuation as of October 2025.

Redwood Materials' battery recycling process uses 80% less energy, reduces CO₂ emissions by 70%, and requires 80% less water compared to traditional mining. A Stanford peer-reviewed study found Redwood's process could produce up to 80% fewer emissions than conventional supply chains. Operations are 100% electrically powered by renewable energy with zero waste to landfill. The company reclaims 95%+ of critical battery materials including lithium, cobalt, nickel, and copper.

Redwood Materials no major layoffs. Battery recycling company growing. JB Straubel Tesla alum.