Next move for AMYIMO we will have a JV (halt) before the start of the pilot plant.
As I mentioned back in June, Redwood Material Recycling of Jeff Straubell (Testla) is still an enigma. It is now 6 months that this company was created with 2 millions in bank from 1 private investor.
Redwood Materials is a stealth startup with Tesla ties.
Tesla’s chief technology officer, JB Straubel, center, is listed as an executive officer of Redwood Materials.Reuters/James Glover
What it is: A mysterious startup that appears to be doing something in recycling.
Redwood Materials’ website is sparse. There’s little there besides a slogan — “unlock the value of your materials” — and a brief description — “Advanced technology and process development for materials recycling, remanufacturing, and reuse.”
Everything else about the startup remains an enigma, including why two top Tesla execs are running the company. An April financing filing listed JB Straubel, Tesla’s CTO, and Andrew Stevenson, the electric car company’s head of special projects, as executive officers of the recycling startup.
Funding: $2 million from unknown investors.
Website: www.redwoodmaterialsinc.com