Amazon Climate Pledge Fund has reinvested in the battery recycling services provider at a reported $3.7bn post-money valuation.

US-headquartered battery supply chain developer Redwood Materials raised over $700m yesterday from investors including e-commerce and cloud computing group Amazon’s Climate Pledge Fund.

The round was led by funds and accounts advised by investment management firm T Rowe Price, and it valued the company at $3.7bn post-money, a source familiar with the round told TechCrunch.

Investment and financial services group Fidelity, Goldman Sachs Asset Management, Baillie Gifford, Canada Pension Plan Investment Board, Capricorn’s Technology Impact Fund, Breakthrough Energy Ventures, Valor…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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