On October 23, 2025, Redwood Materials, a battery recycling and cathode production company, announced it has closed a $350 million Series E funding round, bringing the total valuation of the company to about $6 billion. The financing was led by Eclipse and included new strategic investor NVentures (NVIDIA’s venture capital arm). The funds will be used to expand the company’s energy storage business and its refining and materials production capacity. Wilson Sonsini Goodrich & Rosati advised Redwood Materials on the transaction.

The Wilson Sonsini team that advised Redwood Materials included:

Corporate
Bob O’Connor
Melissa Rick
Virginia Milner
Angela Chan
Spencer Marks
Nicole Morris
Kristy Strohm

National Security
Joshua Gruenspecht
Kara Millard

Regulatory
Kimberley Biagioli

Delaware 
Brian Currie
Ryan Greecher

For more information, please see Redwood Materials’ press release. Additional coverage can be found on Bloomberg and TechCrunch.