A former Tesla founder cleverly established Redwood Materials, a company specializing in the recycling of electric vehicle batteries.
This innovative venture is projected to generate an impressive $200 million in revenue this year, significantly contributing to a sustainable future.
Redwood Materials aims to produce crucial battery components for an ambitious goal of one million electric vehicles annually.
Their groundbreaking work focuses on reclaiming valuable materials from used batteries, thereby reducing reliance on mining and fostering eco-friendly practices.
