Redwood Materials will use nickel from recycled cell phones to refine the battery manufacturing process for electric vehicles (EVs).
The company is a startup based in Carson City, Nevada, which recently raised $40mn in order to construct an EV battery recycling plant by initially upcycling e-waste, such as old cell phones and other small consumer electronics, to manufacture new Panasonic batteries for EVs.
Redwood is partnering with Panasonic to scale up EV battery manufacturing in support of the the EV industry, which continues growing at rapid pace across the globe. The brain behind the idea is a former Tesla employee who saw viable solution to the shortage of nickel for battery manufacturing in e-waste recycling.