Redwood Materials IPO

Redwood Materials, based in Carson City, Nevada, was founded in 2017 by J.B. Straubel, who is CEO. A co-founder of Tesla along with Elon Musk, Straubel was the car maker’s chief technology officer before leaving in 2019 to focus on Redwood. The company has developed a sustainable battery recycling technology, which processes scrap from battery cell production and consumer electronics and helps clients turn it into electric vehicles and energy products, effectively reusing and processing raw materials into the battery supply chain.

In November, Redwood announced that it landed a multibillion-dollar deal to supply battery components to Panasonic as efforts accelerate to build a domestic supply chain in North America to support an expected growth in EV sales. Redwood said it will supply Panasonic with cathode material for EV battery cells produced at a new factory currently under construction in Kansas.

Among Redwood’s leading investors are Ford Motor and Valor Equity Partners. Redwood, whose last known valuation was more than $4 billion and has raised at least $750 million, hasn’t officially announced any plans for an IPO.

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What is Redwood Materials's ticker symbol?

Redwood Materials does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.

What is Redwood Materials's stock price?

The stock price for Redwood Materials will be known as it becomes public. Here are similar public companies: Blade (NASDAQ: BLDE), Fast Radius (NASDAQ: FSRD), Joby Aviation (NYSE: JOBY), Procore Technologies (NYSE: PCOR), Rocket Lab (NASDAQ: RKLB).

Who are Redwood Materials's major investors?

Fidelity Investments
Baillie Gifford
Goldman Sachs Asset Management
Valor Equity Partners
Ford Motor
Emerson Collective
T. Rowe Price
Franklin Templeton Investments
Canada Pension Plan Investment Board
Capricorn Investment Group
Climate Pledge Fund

Redwood Materials Funding Rounds and IPO Valuation

Date Funding Round Funding Raised Price per Share IPO Valuation
7/28/2021 Series C $702.78MM raised $XXX.XX $XXX.XX
9/18/2020 Series B $37.24MM raised $XXX.XX $XXX.XX
6/1/2018 Series A and A-2 $6MM raised $XXX.XX $XXX.XX
4/17/2017 Series Seed $2MM raised $XXX.XX $XXX.XX
Based on primary financings
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What is Redwood Materials funding to date?

Redwood Materials has raised $748.02MM with the following series:
$2MM raised for Series Seed,$6MM raised for Series A and A-2,$37.24MM raised for Series B,$702.78MM raised for Series C.
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When was Redwood Materials founded?

Redwood Materials was founded in 2017.
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Can you invest in Redwood Materials?

Redwood Materials is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.

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Can you sell Redwood Materials share pre-IPO?

If you own Redwood Materials pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.

Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.

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Is Redwood Materials a publicly traded company?

Redwood Materials is a private company and not publicly traded.

If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.

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Where is Redwood Materials located?

Redwood Materials is located in Carson City, Nevada.

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Who is the CEO of Redwood Materials?

The Chief Executive Officer of Redwood Materials is JB Straubel.

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Updated on: Dec 21, 2022