Redwood Materials Private Market Data · Verified October 9, 2026
Valuation reflects IPO CLUB research based on news, broker data, research reports and press releases. Private-market information may change.
Updated in September 2026
Redwood Materials is a private company based in Carson City, Nevada. It has no stock ticker and has not announced an IPO. In January 2026 it raised a $425 million Series E at a $6 billion valuation.
Headquarter: Carson City, Nevada, USA
Year Founded: 2017
Leadership: JB Straubel (Founder, former Tesla co-founder and CTO)
Industry Sectors: Battery recycling; Battery materials; Energy storage supply chain; Clean energy
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.
In 2026, Redwood launched Redwood Energy, a new division that repurposes used EV batteries as grid-scale energy storage for AI data centers and other high-demand applications, extending battery lifecycle value and supporting the AI infrastructure buildout.
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.
Redwood's expanded partnership with GM, announced in Q2 2026, covers the full battery lifecycle, including a second-life energy storage project launching in Michigan, cementing Redwood's position as a critical supplier across new and recycled battery streams.
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.
Latest Developments
As demand for energy skyrockets amid the rise of AI, JB Straubel is betting on a new solution: giving old EV batteries a second life 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.
In January 2026, Redwood closed a $425M Series E at a post-money valuation above $6B, led by Goldman Sachs, Capricorn Technology Impact Fund, Fidelity, and Breakthrough Energy Ventures, with participation from Google and Nvidia's NVentures. Secondary market trading in mid-2026 shows shares in the $38–$47 range, reflecting investor confidence in the company's OEM relationships and energy storage expansion.
How To Buy Redwood Materials Stock?
Redwood Materials is a private company and is not publicly traded on the NASDAQ or NYSE. For eligible investors, one way to gain exposure to Redwood Materials is through America 2030, an IPO CLUB fund that currently holds Redwood Materials as part of a portfolio of 12 private companies.
FAQ
Last updated:
What is Redwood Materials' valuation?
IPO CLUB research tracks Redwood Materials' valuation in the Private Market Data section at the top of this page, updated whenever our research changes.
- Redwood Materials is private, so there is no public share price. Secondary transactions, when they happen, are limited and illiquid.
Who has invested in Redwood Materials?
Investors in Redwood Materials include Goldman Sachs, Capricorn Technology Impact Fund, Fidelity and Breakthrough Energy Ventures.
How can I invest in Redwood Materials pre-IPO through IPO CLUB?
Redwood Materials access on IPO CLUB is typically offered to accredited investors via curated secondary allocations, including the America 2030 Fund and Single-Name SPVs.
- You need to qualify as an accredited investor to participate.
- Availability depends on secondary supply and seller willingness.
- Access is provided through the America 2030 Fund or Single-Name SPVs.
Do you currently have access to Redwood Materials shares?
Redwood Materials availability on IPO CLUB can change and is generally limited to Single-Name SPVs.
- To check if Redwood Materials is currently on offer, register or log in to the IPO CLUB membership area and open Live Deals.
- Secondary allocations may open or close depending on seller participation.
- Access is provided through the America 2030 Fund or Single-Name SPVs.
Is Redwood Materials publicly traded, and does it have a stock ticker?
No. Redwood Materials is a private company, so it has no stock ticker, no stock symbol and no public share price.
- There is no public-market quote or ticker for Redwood Materials.
- Transactions, if available, are generally secondary and may be illiquid.
- Access is provided through the America 2030 Fund or Single-Name SPVs.
When is the Redwood Materials IPO?
Redwood Materials has not announced an IPO or a listing date.
- No IPO date is guaranteed or required for a secondary allocation.
- Timing can depend on market conditions and company decisions.
- Access is provided through the America 2030 Fund or Single-Name SPVs.
What security types are typically used for Redwood Materials transactions on IPO CLUB?
Redwood Materials exposure on IPO CLUB is typically provided to accredited investors through structured vehicles such as the America 2030 Fund and Single-Name SPVs used for curated secondary allocations.
- Single-Name SPVs are commonly used to pool investor participation.
- Member exposure is to an interest in the relevant vehicle, not necessarily direct shares.
- Final structure can vary by allocation and seller terms.
What are the risks of buying Redwood Materials pre-IPO shares?
Redwood Materials pre-IPO investing can be illiquid and high-risk, and IPO CLUB access is limited to accredited investors via curated secondary allocations through the America 2030 Fund and Single-Name SPVs.
- Liquidity risk: you may not be able to sell quickly or at a desired price.
- Execution risk: transfers can be delayed or blocked by restrictions.
- Timing risk: there may be no IPO or liquidity event on a predictable schedule.
Why might a Redwood Materials allocation not be confirmed?
Redwood Materials allocations can fail to confirm due to limited secondary supply, transfer restrictions, or changing seller terms.
- Supply can be oversubscribed or withdrawn by sellers.
- Transfer approvals or documentation issues can prevent closing.
- Allocation sizing can change based on final secondary availability.
Redwood Materials and America 2030 Latest News
Read IPO CLUB’s latest Redwood Materials coverage.
More in Energy: Newcleo, Reflect Orbital, Crusoe and Aalo. See the Energy sector overview.
Sources:
Utility Dive, "Redwood Materials Raises $1B to Expand Circular Battery Supply Chain in US" (2023):
U.S. Department of Energy, "LPO Offers Conditional Commitment to Redwood Materials to Produce Critical Electric Vehicle Battery Components From Recycled Materials":
Resource Recycling, "Redwood Secures $350 Million to Expand Recycling, Storage" (November 6, 2025):
Toyota USA Newsroom, "Toyota and Redwood Materials Agree to Battery Recycling, Materials Procurement":
Redwood Materials (Official), "Toyota to Source Cathode Active Materials and Anode Copper Foil from Redwood":
Recycling Today, "Redwood Starts Up South Carolina Operations":
Contrary Research, "Redwood Materials Business Breakdown & Founding Story":
