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Redwood Materials completes Series E funding, raising $425 million with Google and existing investors Capricorn and Goldman Sachs involved.

PRIVATEJan 28, 2026

Amount Raised

$425 Million

Round Type

Series E

Carson CityOtherEnergyRenewable Energy

Investors

CapricornGoldman SachsNvidiaGoogle

Description

Redwood Materials has successfully closed a Series E financing round, raising a total of $425 million. The new investment from Google, along with existing backers Capricorn and Goldman Sachs, underscores the interest in energy storage technology. The funding round was upsized from an earlier announced amount of $350 million due to high investor demand. This investment signals confidence in Redwood's role in future power infrastructures.

Quick answer

Redwood Materials raised $425 Million in a Series E round, dated January 28, 2026. Investors: Capricorn, Goldman Sachs, Nvidia and Google. Redwood Materials is based in Carson City, Nevada, United States.

How much did Redwood Materials raise?
Redwood Materials raised $425 Million in a Series E round on January 28, 2026.
Who invested in Redwood Materials?
Capricorn, Goldman Sachs, Nvidia and Google are named as investors in this round.
What does Redwood Materials do?
Redwood Materials is building the U.S. stockpile of critical materials and deploying large-scale energy storage.
Where is Redwood Materials based and how big is it?
Redwood Materials is based in Carson City, Nevada, United States. Fundz records about 1,200 employees.
Who are the decision-makers at Redwood Materials?
Fundz holds 1 contact at Redwood Materials, including the Director. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Redwood Materials that raised within 45 days of this round, from Fundz verified event records.

  • Kinewell raised $1M (Seed) on March 13, 2026.
  • Kinewell Energy raised $1M (Seed) on March 12, 2026.
  • Torngat Metals raised $11M on March 11, 2026.
  • Logan Energy raised $14M on March 10, 2026.
  • Photoncycle raised $17M (Series A) on March 5, 2026.
  • Lingge Energy Technology (Suzhou) Ltd raised $10M (Angel) on March 4, 2026.

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Company Information

Company

Redwood Materials

Location

2800 LOCKHEED WAY

Carson City, Nevada, United States

About

Redwood Materials is building the U.S. stockpile of critical materials and deploying large-scale energy storage. Founded by JB Straubel, the company produces lithium, nickel, cobalt, copper, and cathode active material at scale in the U.S., manufactures key components for advanced batteries, and deploys energy storage systems that power data centers and the nation’s grid. Redwood is expanding domestic capacity for next-generation energy storage and strengthening U.S. energy dominance.

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Related People

1 contact
Verified contactsChris L., Director hiddenSee plans and pricing
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Redwood Materials raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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