Redwood Materials, the recycling startup founded by Tesla CTO JB Straubel, is expanding to Nevada. Possible connections to Tesla are rumoured once again, however no official statement has been released.
Last year, Straubel and Andrew Stevenson, also previously from Tesla, founded their startup in Redwood City, California. The company presents themselves as a specialist for processes and technologies for recycling materials. The startup is now expanding their reach from California to Nevada, where Tesla is operating the Gigafactory 1.
In Tesla’s battery factory, Straubel is in charge of supply chain management, and has repeatedly spoken of recycling material components of batteries and motors in this context before. His most recent remark came in June, when Tesla announced their plan to set up a “closed cycle” for old battery cells, modules and packets in the Gigafactory.
When asked about a connection between Tesla and Redwood, Straubel had denied any connection in an interview with CNBC. The choice to move to northern Nevada had other reasons behind it.
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