BusinessEnergyManufacturing

Redwood Materials Secures $350M Funding to Expand Grid Battery Production Amid AI Power Demand

The Nevada-based battery recycler and materials supplier has raised fresh capital to accelerate its energy storage business as electricity demand from AI data centers surges. The funding round was led by Eclipse with participation from Nvidia’s investment arm.

Major Funding for Domestic Battery Production

Redwood Materials, a prominent battery recycler and materials supplier, has reportedly secured $350 million in new funding to expand its grid-scale energy storage operations, according to company statements. The funding comes as electricity demand, particularly from artificial intelligence data centers, continues to surge across the United States.

BusinessStartupsTechnology

Amazon Partners with Rivian Spinoff Also for Electric Cargo Quad Fleet Expansion

Amazon is reportedly expanding its electric delivery fleet through a multi-year partnership with Also, a Rivian spinoff. The agreement includes customized pedal-assist cargo quads capable of carrying over 400 pounds, set to launch in 2026 across the U.S. and Europe.

Strategic Partnership for Sustainable Urban Logistics

Amazon has reportedly entered into a multi-year collaboration with micromobility startup Also, a company spun out of electric vehicle maker Rivian, to integrate thousands of pedal-assist cargo quad vehicles into its delivery network. According to reports, the TM-Q electric quads are designed to transport over 400 pounds of packages while navigating bike lanes, addressing last-mile logistics challenges in dense urban areas.