T. Rowe Price Associates, Goldman Sachs, Baillie Gifford, CPPIB and Fidelity led a $700m Series B funding round in Redwood Materials.

T. Rowe Price Associates, Goldman Sachs, Baillie Gifford, CPPIB and Fidelity led a $700m Series B funding round in Redwood Materials, a battery recycling company. Additional investors include Amazon.com, Franklin Resources, Valor Equity Partners, Capricorn Investment Group, Emerson Collective, Breakthrough Energy Ventures. “With this capital, Redwood will be able to accelerate our mission to make battery materials sustainable and affordable, accomplishing the change we need in the world with a circular economy. We’re grateful for these strategic investors who bring decades of experience investing in and supporting companies that build transformative technology and who understand the mission and value of what Redwood is working to achieve,” JB Straubel, Redwood Materials CEO.