Topic: battery recycling
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Redwood Materials Lays Off 5% of Staff After $350M Funding
Redwood Materials is laying off about 5% of its workforce, impacting several dozen of its 1,200 employees, shortly after raising $350 million in Series E funding that increased its valuation to $6 billion. Founded by former Tesla CTO JB Straubel, the company recycles battery materials to recover ...
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Google Invests $425M in Redwood Amid Surging AI Power Demand
Google has invested $425 million in Redwood Materials to secure energy storage systems specifically for powering AI data centers, highlighting its strategic focus on reliable energy for AI operations. Redwood Materials, founded by a former Tesla executive, has evolved from battery recycling to pr...
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China's EV Battery Crisis & AI Doomers' Dire Warnings
China's rapid EV adoption, with electric or plug-in hybrid models nearing 60% of new car sales by 2025, has created a major recycling crisis as aging batteries overwhelm the country's infrastructure and spur a dangerous gray market. In AI, influential "doomer" warnings about existential risks are...
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Trump administration cancels $700M in manufacturing grants
The Department of Energy terminated $720 million in federal manufacturing grants due to missed project milestones and insufficient progress toward national energy objectives, impacting companies in battery materials, recycling, and window insulation. Key affected startups include Ascend Elements ...
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Waymo's NYC Expansion & Nvidia's Nuro Investment: TechCrunch Mobility
Autonomous vehicle advancements and significant investments are shaping the industry, with updates from companies like Waymo, Nuro, and emerging startups. Key developments include major acquisitions and funding rounds, such as Serve Robotics acquiring Vayu Robotics and Nuro securing $203 million ...
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DOE Proposes Billions in Cuts to GM, Ford, and Startup Grants
The Trump administration is proposing major cuts to federal energy funding, slashing over $500 million in contracts for startups and billions in grants for automakers like Ford, GM, and Stellantis under the Bipartisan Infrastructure Law. General Motors faces a significant setback, potentially los...
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