Why Nvidia just invested in a battery recycling company
The AI hardware giant invested in Redwood Materials, best known for recycling EV batteries, but it’s now also tackling data centers’ massive energy needs.
As Nvidia’s value has soared—becoming the first public company to hit $4 trillion in market capitalization earlier this year—it’s been pouring money into AI startups. Its venture arm, NVentures, is also backing less expected bets. The latest: Redwood Materials, the EV battery recycling company, which just raised $350 million in a new funding round.
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