Key insights
- Redwood Materials, a battery recycling company founded by a Tesla co-founder, appointed former Tesla CFO Deepak Ahuja as its CFO. Redwood is expanding critical mineral supplies to meet rising energy demand from AI data centers. This appointment signals Redwood's growth and potential impact on the battery supply chain, indirectly benefiting related sectors.
Investing.com -- Battery recycling company Redwood Materials appointed Deepak Ahuja, former chief financial officer of Tesla, as its CFO on Monday.
Redwood is working to expand critical minerals supplies as energy demand rises from the rapid expansion of AI data centers. The company was founded in 2017 by CEO JB Straubel, who is also a co-founder and director of Tesla.
Redwood recovers lithium, cobalt, nickel and copper through battery recycling, and deploys energy storage systems that provide grid services and power data centers.
Ahuja served as Tesla’s CFO during two separate periods and left the position in 2019. Following his time at Tesla, he held the CFO role at Verily Life Sciences and later became chief business and financial officer at Zipline, a drone delivery and logistics company.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.