Redwood Materials
This company is in the pipeline of America 2030, IPO CLUB’s $50M, actively managed secondary fund focused on U.S. defense, energy, security, and AI.
Updated in January 2026
Headquarter: Carson City, Nevada, USA
Year Founded: 2017
Leadership: JB Straubel
Industry Sectors: Battery recycling; Battery materials; Energy storage supply chain; Clean energy
Funding Round: $1B Series D (2023)
Valuation: ~$5B
Is Redwood Materials A Public Company? No, it is private
What Is Redwood Materials?
Redwood Materials is a U.S.-based battery materials and recycling company founded in 2017 by JB Straubel, a former Tesla co-founder and CTO. Headquartered in Nevada, the company was created to address the environmental and supply-chain challenges associated with lithium-ion batteries. Redwood Materials’ mission is to build a closed-loop battery supply chain, recovering critical materials from end-of-life batteries and manufacturing them back into battery-grade components for reuse.
Technology & Products
Redwood Materials develops and operates advanced battery recycling and materials processing technologies that recover high-value metals such as lithium, nickel, cobalt, copper, and graphite from used electronics, manufacturing scrap, and electric vehicle batteries. Unlike recyclers that stop at raw material recovery, Redwood vertically integrates downstream processing to produce battery-grade anode and cathode materials. This approach reduces reliance on mining, lowers emissions, and improves supply security for battery manufacturers by delivering domestically produced, ready-to-use materials.
Market Opportunity
Redwood operates at the center of the rapidly expanding electric vehicle and energy storage market, where demand for lithium-ion batteries is accelerating globally. As EV adoption increases, so does the need for sustainable sourcing of critical minerals and compliant end-of-life battery management. Governments and automakers are prioritizing domestic, low-carbon battery supply chains, creating strong tailwinds for recycling-driven material production. Redwood targets automakers, battery cell manufacturers, and energy storage providers seeking secure, scalable, and environmentally responsible battery materials.
Competitive Landscape
Redwood Materials competes with battery recyclers, specialty materials producers, and mining companies expanding into recycling and refining. Its key differentiation lies in its end-to-end integration, spanning recycling, refining, and battery materials manufacturing at industrial scale. While traditional miners focus on extraction and many recyclers focus only on waste recovery, Redwood positions itself as a next-generation battery materials company, purpose-built to support the long-term growth and sustainability of the electrified economy.
How To Buy Redwood Materials Stock?
Redwood Materials is currently a private company and is not publicly traded on major stock exchanges like the NASDAQ or NYSE. This means you can buy shares through a pre-IPO platform or brokerage like IPO CLUB.
As demand for energy skyrockets amid the rise of AI, one of Tesla’s co-founders is betting on a new solution: giving old EV batteries a second life. JB Straubel, who helped launch Tesla and served as its CTO until 2019, founded Redwood Materials in 2017 to recycle batteries and build a closed-loop supply chain for electric vehicles. Now, Straubel is using EV batteries that still hold usable capacity for grid-scale energy storage. Redwood’s new energy division recently partnered with AI infrastructure company Crusoe to launch its first microgrid, showcasing how repurposed batteries can help power data centers. CNBC visited Redwood’s Nevada operations to see how the company has grown and to learn more about its plans to use second-life batteries to meet the surging energy needs of the AI era.
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