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.…

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