Redwood Materials Stock $45.33

Forge Price BeaconForge Price 1 updated October 25, 2024

redwoodmaterials.comEnergy / Energy StorageFounded: 2017Funding to Date: $1.82B

Redwood Materials is a developer of sustainable lithium-ion battery recycling technology designed to optimize circular supply chains to recycle waste into profit. Redwood was founded by JB Straubel (previously Chief Technology Officer and co-founder of Tesla) in 2017 and is headquartered in Carson City, NV. The company's technology processes scrap from battery cell production and consumer electronics, seeking to help clients turn them into electric vehicles and energy products, effectively re-using and processing raw materials into the battery supply chain.

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Private Market Pricing DetailsValuation & Financings

Redwood Materials Stock Price

3M
6M
1Y
MAX
Forge Price 1
Date
10/25/2024
Price per Share
$45.33
Last Closed Trade 2
Close Date
xx/xx/xx
Last Closed Trade Price
$xx.xx
Last Funding Round (LFR)
Date
xx/xx/xx
Price per Share
$xx.xx

Redwood Materials Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
08/29/2023 Series D $1B $xx.xx $5.25B Goldman Sachs, Capricorn's Technology Impact Fund, T. Row Price Associates, OMERS, Microsoft Climate Innovation Fund, Deepwater Asset Management
Price per Share
$xx.xx
Shares Outstanding
20,948,612
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Goldman Sachs, Capricorn's Technology Impact Fund, T. Row Price Associates, OMERS, Microsoft Climate Innovation Fund, Deepwater Asset Management
07/28/2021 Series C $779.42MM $xx.xx $3.7B T. Rowe Price, Goldman Sachs, Baillie Gifford, CPPIB, Fidelity, Capricorn's Technology Impact Fund, Breakthrough Energy Ventures, Amazon, Valor Equity Partners, Emerson Collective, Franklin Templeton
Price per Share
$xx.xx
Shares Outstanding
16,442,199
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
T. Rowe Price, Goldman Sachs, Baillie Gifford, CPPIB, Fidelity, Capricorn's Technology Impact Fund, Breakthrough Energy Ventures, Amazon, Valor Equity Partners, Emerson Collective, Franklin Templeton
09/18/2020 Series B $37.24MM $xx.xx $217.84MM Capricorn Investment Group, Breakthrough Energy Ventures, Amazon, Valor Equity Partners, Emerson Collective, Franklin Templeton
Price per Share
$xx.xx
Shares Outstanding
11,439,410
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Capricorn Investment Group, Breakthrough Energy Ventures, Amazon, Valor Equity Partners, Emerson Collective, Franklin Templeton
06/01/2018 Series A-2 $4MM $xx.xx $18.26MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
10,992,635
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
06/01/2018 Series A $2MM $xx.xx $18.26MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
11,777,870
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
04/17/2017 Series Seed $2MM $xx.xx $4.78MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
13,999,720
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors

Redwood Materials investors also invested in these private companies

Climate Pledge Fund

Leadership & Board

Leadership

Kevin Kassekert
Chief Operating Officer
Jason Thompson
Chief Financial Officer
Alan Nelson
SVP Battery Materials Technology
JB Straubel
Co-Founder & Chief Executive Officer
Alina Zagaytova
General Counsel
Paul Voigt
VP of Engineering

Board

David T Danielson
Breakthrough Energy Ventures

Redwood Materials stock FAQs

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Can you buy Redwood Materials stock?

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Can you sell Redwood Materials stock?

Yes, you may sell the Redwood Materials stock you currently own. Forge can help you facilitate the sale of your stock in a manner that aligns with your needs and the company’s interests. If you are looking for liquidity, register with us today to begin the process. A dedicated Forge Private Market Specialist will be available to address any questions you may have along the way.
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  1. Create a free Forge account, this will give you access to Forge’s marketplace and to one of our experienced Private Market Specialist to answer any questions you might have.
  2. Indicate your interest to sell your Redwood Materials on our platform.
  3. Work with your dedicated Private Market Specialist who’ll help guide you through every step of the transaction.
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Is Redwood Materials a public company?

No, Redwood Materials is a privately held company and is currently not publicly traded on any stock markets including NYSE or NASDAQ.
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What is Redwood Materials’ stock price?

Redwood Materials is a private company, meaning it does’t have a publicly traded stock price. However, as of 10/25/2024 the Redwood Materials Forge Price is $45.33 per share. The Forge Price is a derived price calculated for private companies like Redwood Materials to provide insights into their current valuation. Learn more about Forge Price.
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What is Redwood Materials’ stock ticker symbol?

Redwood Materials does not have an official ticker symbol because this company is not currently publicly traded.
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Can institutional investors buy and sell private market stocks?

Yes. As one of the largest trading platform for the private market, Forge helps institutional investors seek liquidity as they buy and sell private stock for their portfolios or their clients. Our private market specialists have decades of experience working with institutional firms. Learn more or register today to get started.

Redwood Materials’ news and media highlights

We’re excited to announce our partnership with BMW of North America to recycle lithium-ion batteries from all electrified vehicles in the BMW Group, including BMW, MINI, Rolls Royce, and BMW Motorrad. Redwood will work directly with BMW Group's extensive network of over 700 locations, including dealerships, distribution centers, and internal facilities, to facilitate the recovery of end-of-life lithium-ion batteries.
Redwood Materials, the battery recycling startup founded by former Tesla co-founder JB Straubel, will be recycling production scrap for batteries going into General Motors electric vehicles. The company announced Thursday that it’s working with Ultium Cells, the joint battery manufacturing venture between GM and LG Energy Solution, to recycle cathode, anode and cell scrap from both their Warren, Ohio and Spring Hill, Tennessee facilities. Redwood will recycle Ultium’s scrap and process it into high-quality battery materials, which are then supplied back to cell manufacturers as domestically produced anode and cathode components, the company said.
Redwood Materials, founded by former Tesla CTO JB Straubel, has expanded its battery recycling operations to create a closed-loop system for EV batteries. The company claims its hydrometallurgical process produces 70% less emissions and recovers 95% of lithium from scrap compared to traditional mining. This positions Redwood as a leader in sustainable EV battery recycling.
Redwood Materials flipped the switch on its first commercial-scale line producing a fine black powder essential to electric vehicle batteries. Known as cathode active material, it’s responsible for a third of the cost of a battery. Redwood plans to manufacture enough of the stuff to build more than 1.3 million EVs a year by 2028, in addition to other battery components that have never been made in the US before.
Updated on: Oct 27, 2024

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