Redwood Materials, the U.S. battery recycling unicorn whosepartners include Ford Motor Company, is raising $200 million via a debt offering.
Why it matters: Between its partnership with Ford and its founder — former Tesla battery chief JB Straubel — Redwood is one of the highest-profile and most closely watched battery materials suppliers in the U.S.
It announced plans last month to invest $3.5 billion for a sprawling factory in South Carolina.
