--- description: Find out why Redwood Materials was selected for the list title: TIME100 Most Influential Companies 2022: Redwood Materials image: https://static.time.com/v3/assets/bltea6093859af6183b/blte943519e5d13f54b/698a303586f68e22b96f10a2/T100-Companies-P-Redwood.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 --- Mar 30, 2022 # Redwood Materials Cleaner EVs by [Alejandro de la Garza](/author/alejandro-de-la-garza/) ## Alejandro de la Garza Update your preferences in [Account Settings](/account/preferences/) Close  JB Straubel, co-founder and chief executive officer of Redwood Materials Inc., speaks during the 2022 CERAWeek by S&P Global conference in Houston, Texas, U.S., on Thursday, March 10, 2022. JB Straubel, co-founder and chief executive officer of Redwood Materials Inc., speaks during the 2022 CERAWeek by S&P Global conference in Houston, Texas, U.S., on Thursday, March 10, 2022.Aaron M. Sprecher—Bloomberg/Getty Images Fifteen years after co-founding Tesla, JB Straubel launched Redwood Materials to reduce the environmental damage of battery production by using recycled components and shortening supply chains. All told, it’ll soon be able to reduce the carbon footprint of the average EV battery by more than 40%. In the past five years, the $3.7 billion company has become the largest U.S. recycler of lithium-ion batteries, and has deals with major companies in the [electric-vehicle space](https://time.com/6133180/norway-electric-vehicles/ "undefined"), like Ford and Panasonic. _A weekly newsletter featuring conversations with the world’s top CEOs, managers, and founders._ [_Join the Leadership Brief_](https://cloud.newsletters.time.com/signup?nln=leadership&source=100companies "undefined"). ```json [{"@context":"https://schema.org","@type":"Article","@id":"https://time.com/collections/time100-companies-2022/6159394/redwood-materials-2/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/collections/time100-companies-2022/6159394/redwood-materials-2/"},"headline":"Redwood Materials","datePublished":"2022-03-30T10:21:28.000Z","dateModified":"2026-03-03T00:01:05.053Z","description":"","url":"https://time.com/collections/time100-companies-2022/6159394/redwood-materials-2/","keywords":["metaverse","TIME100 Companies","sponsorshipblock"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blte943519e5d13f54b/698a303586f68e22b96f10a2/T100-Companies-P-Redwood.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Alejandro de la Garza","jobTitle":null,"url":"https://time.com/author/alejandro-de-la-garza/"}],"creator":"Alejandro de la Garza","articleSection":"","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blte943519e5d13f54b/698a303586f68e22b96f10a2/T100-Companies-P-Redwood.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"https://time.com/collections/time100-companies-2022/6159394/redwood-materials-2/","name":"Redwood Materials"}}]}] ```