Funding

Redwood Materials Raises $425M in Series E Funding

Jan 30, 2026 | By Startuprise

we announced the final closing of our Series E financing, bringing the total raise to $425 million. This final close includes continued participation from existing investors, Capricorn and Goldman Sachs Alternatives, and welcomes Google as a new investor.

Driven by strong demand, the increase from the previously-announced $350 million reflects confidence in our long-term strategy and execution. This capital will accelerate our energy storage platform while continuing to strengthen our integrated recycling and critical minerals business.

As electricity demand surges—driven by AI, data centers, manufacturing and electrification—energy storage is no longer optional; it is essential infrastructure.

Together, these investments position Redwood to lead grid reliability, energy security, and the next phase of modern power infrastructure. We are deploying capital with discipline and relentlessly focused on execution as we continue scaling our domestic battery ecosystem.