JB Straubel’s Redwood Materials raises $700 million to accelerate EV battery recycling business

Battery recycling is key to making electric vehicles sustainable, and Redwood Materials, a company founded by Tesla co-founder JB Straubel, is a leader in the space.
Today, the company announced a $700 million capital raise to accelerate its effort.

Ford reports strong Q2 and raises 2021 outlook, 120k F-150 Lightning reservations

Ford Motor Company (NYSE: F) reported a better-than-expected second quarter on Wednesday, recording positive earnings per share but slightly missing Wall Street’s consensus for automotive revenue. However, the company raised its Full-Year 2021 expectations following the profitable quarter, indicating that it is selling more expensive vehicles more often. Additionally, Ford updated shareholders on the progress […]

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EV charging to receive $7.5 billion in Bipartisan Infrastructure Deal: White House

The White House detailed the breakdown of the $550 billion Bipartisan Infrastructure Deal, including a $7.5 billion cut to fund the manufacturing and installation of electric vehicle charging stations. It would be the first-ever national investment into EV charging infrastructure in the United States and could accelerate the U.S. EV market share to be on […]

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Tesla (TSLA) trades sideways as market digest earnings beat but has questions about short-term growth

Tesla (TSLA) has been trading sideways despite beating expectations with its Q2 2021 earnings.
The market is digesting the results, but Tesla has created questions about its short-term growth due to supply chain issues.
more…
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Rivian trademarks the names of six future all-electric models

Rivian is preparing for the introduction of six new all-electric pickup trucks and SUVs that will be released in the coming years. The trademarks for the R3S, R4S, R5S, R3T, R4T, and R5T were all submitted by Rivian to the United States Patent and Trademark Office on July 23rd. Rivian has already had the trademarks […]

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Westinghouse’s 3-tool electric tool kit falls to $99 (Save 33%), more in New Green Deals

Are you still using gas-powered lawn gear? Well, it’s time to change. Today, in our New Green Deals, we’re taking a look at Westinghouse’s 3-tool yard care kit at $99, which helps you kick gas and oil to the curb in favor of battery-…

Tesla to hold Plaid Model S Team Appreciation Event at Fremont Factory

Tesla is planning to hold an Appreciation Event at the Fremont Factory in Northern California on Thursday, July 29th, 2021, documents obtained by Teslarati show. Earlier this year, Tesla announced the launch of the Plaid Model Model S, a revamped and refreshed version of the company’s flagship electric sedan. CEO Elon Musk announced in January that […]

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Tesla co-founder’s battery recycling firm gets a cushy $700M investment round

Redwood Materials, a battery recycling company founded by Tesla co-founder J.B. Straubel, has announced a $700 million investment round from external investors. The round was led by funds and accounts advised by T. Rowe Price Associates, Inc., and includes contributions from Goldman Sachs Asset Management, Baillie Gifford, Canada Pension Plan Investment Board, and Fidelity. Additionally, […]

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