<s>
Redwood	B-Algorithm
Materials	I-Algorithm
,	O
Inc	O
.	O
is	O
an	O
American	O
company	O
headquartered	O
in	O
Carson	O
City	O
,	O
Nevada	O
.	O
</s>
<s>
The	O
company	O
aims	O
to	O
recycle	O
lithium-ion	O
batteries	O
and	O
produce	O
battery	O
materials	O
for	O
electromobility	O
and	O
electrical	O
storage	O
systems	O
.	O
</s>
<s>
Redwood	B-Algorithm
Materials	I-Algorithm
was	O
reported	O
to	O
have	O
a	O
valuation	O
of	O
about	O
$3.7	O
billion	O
as	O
of	O
July	O
2021	O
.	O
</s>
<s>
Redwood	B-Algorithm
Materials	I-Algorithm
was	O
founded	O
by	O
J	O
.	O
</s>
<s>
Redwood	O
set	O
out	O
to	O
create	O
a	O
circular	O
supply	O
chain	O
for	O
electric	O
vehicles	O
and	O
clean	O
energy	O
products	O
,	O
making	O
them	O
more	O
sustainable	O
long	O
term	O
and	O
driving	O
down	O
the	O
cost	O
for	O
batteries	O
by	O
developing	O
a	O
fully	O
closed	O
loop	O
for	O
lithium-ion	O
batteries	O
.	O
</s>
<s>
On	O
its	O
website	O
in	O
2022	O
Redwood	B-Algorithm
Materials	I-Algorithm
explained	O
that	O
the	O
company	O
received	O
enough	O
end-of-life	O
batteries	O
annually	O
to	O
provide	O
critical	O
materials	O
for	O
new	O
batteries	O
for	O
about	O
60,000	O
new	O
electric	O
vehicles	O
.	O
</s>
<s>
Redwood	O
estimated	O
that	O
it	O
was	O
recovering	O
more	O
than	O
95%	O
of	O
the	O
metals	O
(	O
including	O
nickel	O
,	O
cobalt	B-Algorithm
,	O
lithium	B-Language
,	O
and	O
copper	O
)	O
from	O
end-of-life	O
batteries	O
.	O
</s>
<s>
Redwood	O
is	O
partnered	O
with	O
companies	O
such	O
as	O
Panasonic	O
,	O
Ford	O
Motor	O
Company	O
,	O
and	O
Amazon	B-Application
.	O
</s>
<s>
Along	O
with	O
Ford	O
and	O
Volvo	O
,	O
Redwood	B-Algorithm
Materials	I-Algorithm
launched	O
a	O
used	O
battery	O
collection	O
program	O
for	O
the	O
state	O
of	O
California	O
in	O
February	O
of	O
2022	O
.	O
</s>
<s>
lithium	B-Language
,	O
cobalt	B-Algorithm
,	O
nickel	O
and	O
copper	O
)	O
from	O
of	O
old	O
NiMH	B-Device
and	O
Li-Ion	O
packs	O
.	O
</s>
<s>
Investors	O
in	O
Redwood	B-Algorithm
Materials	I-Algorithm
 '	O
$775M	O
Series	O
C	O
include	O
T	O
.	O
Rowe	O
Price	O
,	O
Goldman	O
Sachs	O
,	O
Baillie	O
Gifford	O
,	O
Fidelity	O
,	O
Ford	O
Motor	O
Company	O
and	O
Amazon	B-Application
's	I-Application
Climate	O
Pledge	O
Fund	O
.	O
</s>
