Tesla Co-Founder Straubel’s Battery Firm Redwood Cuts Dozens

Redwood Materials reportedly cuts 5% of staff after $350M raise

The battery recycling and cathode production company, founded by former Tesla CTO JB Straubel, has started using recycled battery materials to create energy storage solutions for AI data centers.

Tesla Co-Founder Straubel’s Battery Firm Redwood Cuts Dozens

Tesla co-founder JB Straubel’s battery recycling firm, Redwood Materials, cut dozens of jobs as the startup scales back some of its ambitious projects.

Tesla Co-Founder Straubel's Battery Startup Redwood Fires Dozens

(Bloomberg) — Tesla Inc. co-founder JB Straubel’s battery recycling firm Redwood Materials Inc. cut dozens of jobs as the startup scales back some of its ambitious projects to refocus on tapping into demand for grid-scale batteries.

Redwood Materials Lays Off Dozens Weeks After $350M Raise

The battery recycling and cathode-making startup trims staff amid expansion into energy storage and rising market pressures. Layoffs… The post Redwood Materials Lays Off Dozens Weeks After $350M Raise appeared first on IMP.NEWS.

Redwood Materials reportedly cuts 5% of staff after $350M raise

The battery recycling and cathode production company, founded by former Tesla CTO JB Straubel, has started using recycled battery materials to create energy storage solutions for AI data centers.