Tesla May Be Launching a Mysterious Startup For Materials Recycling – Futurism

In Brief A recent filing reveals that some of Tesla's executives are involved with a venture startup that will recycle materials for manufacturing. Could the California-based firm Redwood Materials be another Tesla project?

Elon Musk has been hitting the headlines lately because of two companies he recently startedup: his Boring Company and his brain-hacking venture Neuralink. The serial entrepreneur has been very busy lately, what with SpaceXs recent accomplishments and the latest developments in Tesla. And speaking of Tesla, rumor has it that theres another new venture in the works.

Evidence about this new initiative comes from an SEC filing which revealed a $2 million investment in a recently incorporated firm called Redwood Materials. According to a write-up by CB Insights, this supposed new company doesnt involve Musk directly, just some of Teslas executives: CTO JB Straubel and Special Projects head Andrew Stevenson. Both Straubel and Stevenson are listed as executives of Redwood Materials, with the latter as CFO.

The Califronia-based firm describes itselfas focused on advanced technology and process development for materials recycling, remanufacturing, and reuse. Could Redwood Materials be Teslas entry into the recycling industry, as part of its efforts to make manufacturing greener?

Until Tesla official says anything about it, we can only surmise what connections it has if any to Redwood Materials. Its possible though, especially since Stevenson once mentioned in a speechthat re-thinking the materials supply chain is an area of innovation for Tesla. Recycling materials could well be useful for Teslas vehicle and solar technologies.

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Tesla May Be Launching a Mysterious Startup For Materials Recycling - Futurism