recycling

Nvidia Backs Billion Battery Recycling Giant to Power the AI Boom

Nvidia Backs $6 Billion Battery Recycling Giant to Power the AI Boom

Finance

Redwood Materials, the battery recycling startup run by Tesla cofounder JB Straubel, just raised $350 million in a funding round that pushes its valuation past $6 billion.The deal, led by Eclipse with participation from Nvidia’s venture capital arm NVentures, supports Redwood’s surprising new role powering the generative AI boom.At first…