Microsoft · Nvidia · Google · Tesla · Elon Musk · CNBC Technology
The Carson City, Nevada-based startup has raised over $2.3 billion in venture funding from an array of venture firms
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Redwood Materials now boasts a valuation of over $6 billion.
Key facts
- The Carson City, Nevada-based startup has raised over $2.3 billion in venture funding from an array of venture firms and strategic backers, including Google, Nvidia 's Nventures, Microsoft, OMERS
- Ahuja served as finance chief at Tesla from March 2017 to March 2019, his second term at Elon Musk 's EV and clean energy company
- Straubel had originally started Redwood Materials in 2017, running it while concurrently serving as Tesla CTO until July 2019
- Redwood Materials now boasts a valuation of over $6 billion
Summary
Redwood Materials, the electric vehicle battery recycling business started by Tesla board member and former CTO JB Straubel, is bringing on another former Tesla executive, Deepak Ahuja, as CFO, the company announced Monday. Ahuja served as finance chief at Tesla from March 2017 to March 2019, his second term at Elon Musk 's EV and clean energy company. Ahuja told CNBC that his relationship with Straubel primarily influenced his decision to join the recycling startup. "Knowing JB for the last 18 years, the reporter has huge respect for him as a leader, an engineer and as a thinker. Straubel had originally started Redwood Materials in 2017, running it while concurrently serving as Tesla CTO until July 2019.