Redwood Materials hires former Tesla CFO Deepak Ahuja and says an IPO is âtoo early,â after raising >$2B in total with a $6B+ valuation on a $425M Series E, while restructuring and expanding its energy-storage business.
Moment Energy raises $40M to repurpose EV batteries for power supply, signaling investor appetite and a focus on battery reuse.
Headline claims a more-than sevenfold increase in inventions for battery reuse and recycling over the last decade.
Redwood Materials is laying off 10% of staff and restructuring to pursue growth in the energy storage business.
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