Source: CNBC
Summary
Redwood Materials, a battery-recycling and energy-storage company, has hired Deepak Ahuja, former Tesla finance chief. Ahuja will reunite with JB Straubel, former Tesla CTO, who is the founder and CEO of Redwood Materials. The company aims to reduce waste and promote sustainable production of lithium-ion batteries.
Our Reading
The announcement sounds ambitious.
Redwood Materials hires a familiar face from Tesla, Deepak Ahuja, as its new finance chief. This reunion with JB Straubel, Tesla’s former CTO, suggests a serious play for the battery-recycling market. Redwood Materials is pushing to reduce waste in the production of lithium-ion batteries. Because what the world really needed was another company trying to solve the same problem with the same people.
Author: Evan Null
