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.
Headquarter: Carson, Nevada
Year Founded: 2017
Employees: ~1,600 | 2024
Business Status: Generating Revenue
Industry Sectors: battery recycling and materials processing.
What is Redwood Materials?
Redwood Materials is a lithium-ion battery recycling company focused on providing a circular and sustainable supply chain for reusable battery materials.
WHAT DOES Redwood Materials DO?
Redwood collects recycled batteries at the end of their useful life and refines them into Anode and Cathode materials to sell back to battery manufacturers.
The company's refining and remanufacturing process reportedly recovers 95% of key battery elements and raw materials including copper, cobalt and nickel. Redwood Materials aims to reach 100GWh in anode and cathode production or enough material for one million electric vehicles annually.
Industry sectorS
Redwood Materials operates primarily in the battery recycling and materials processing industry sectors. Its focus is on creating a closed-loop supply chain by recycling lithium-ion batteries and recovering valuable materials such as lithium, nickel, cobalt, and copper. These materials are then refined and sold to battery manufacturers for use in new products, particularly for electric vehicles (EVs) and consumer electronics.
Redwood Materials Office locations
Redwood Materials has its headquarters and another office location in Carson City, Nevada. The second office is located at 2401 Conestoga Dr. Additionally, the company is expanding operations with a significant facility in South Carolina.
Redwood Materials Key leadership
JB Straubel: Co-Founder and CEO
Andrew Stevenson: Co-Founder and CFO (initially; current role not specified)
Colin Campbell: CTO
Chris Lister: Chief Supply Chain Officer
Kevin Kassekert: COO
Alexis Georgeson: Part of the leadership team (specific role not detailed)
Bruce Watson: VP Quality
Sean Hathaway: VP Finance & Accounting
Alex Heard: SVP Environmental Health and Safety & Sustainability
Redwood Materials Target markets
Redwood Materials targets several key markets:
Electric Vehicle (EV) Industry: The company provides recycled materials for EV battery production, addressing the growing demand for sustainable transportation solutions
Consumer Electronics: Redwood recycles batteries from devices like smartphones and laptops, offering sustainable materials for electronics manufacturers.
Energy Storage Systems: The company explores opportunities in renewable energy storage and industrial applications, where battery recycling plays a critical role.
Automotive Manufacturers: Partnerships with automakers such as Ford and Volkswagen ensure a steady demand for recycled battery materials.
Redwood Materials Intellectual property
Redwood Materials has filed 8 patents globally, with 7 currently active. These patents focus on innovations in battery recycling and material recovery processes. Key patent topics include:
Processing thermally pretreated and untreated batteries.
Lithium-rich compositions for battery manufacturing.
Most patents are filed in Germany and Europe, reflecting the company's focus on advanced R&D in these regions.
Industry deep dive
Redwood Materials operates within the rapidly growing battery recycling industry, which is projected to reach $87.41 billion by 2030, driven by:
Increasing adoption of EVs.
Rising concerns over battery waste disposal.
Stricter government regulations promoting recycling practices
Key Industry Trends
Circular Economy Focus: Redwood Materials emphasizes closed-loop supply chains, reducing reliance on newly mined resources and minimizing environmental impact.
Technological Advancements: Investments in R&D have enabled Redwood to develop cutting-edge recycling processes that improve efficiency and sustainability.
Geographic Expansion: While currently focused on North America, Redwood plans to expand into Europe, leveraging the EU's aggressive EV adoption targets and strict recycling requirements.
Collaborations: Strategic partnerships with automakers and electronics manufacturers ensure consistent demand for recycled materials while fostering innovation across industries.
Redwood Materials Competitive Position
Redwood Materials stands out due to its vertically integrated approach—combining battery recycling with advanced materials manufacturing—and its commitment to sustainability and innovation. This positions the company as a leader in the industry, capable of addressing both environmental challenges and supply chain gaps.
M&A activity in similar companies
Recent mergers and acquisitions (M&A) in the battery recycling and energy storage sectors highlight the industry's rapid transformation:
Hydrovolt Acquisition: In January 2025, Hydro acquired the remaining shares of Hydrovolt, a battery recycling company formed as a joint venture with Northvolt, for NOK 78 million (~$7 million). Hydrovolt focuses on EV and industrial battery recycling, emphasizing circular solutions for end-of-life batteries.
Regenerate Technology Global Acquisition: In March 2024, Regenerate Technology Global acquired Infinion SARL, a Luxembourg-based battery recycling company with operations in Sweden.
General Trends: Over $100 billion was invested in EV and battery supply chain M&A deals in 2023. This reflects the industry's focus on electrification and sustainability, driven by global commitments to net-zero emissions and tighter environmental regulations.
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.
Huntress stock price source: IPO CLUB Valuation at Market©
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Most Recent Financing Status
Series D in July 23, raised $1 billion, co-lead by Capricorn Investment Group.
Major Investors
Notable Investors include
Goldman Sachs
Ford
Amazon
Rowe Price
Bill Gates’ Breakthrough Energy Ventures
Fidelity
Microsoft Climate Innovation Fund
Redwood Materials IPO
Redwood Materials is currently a privately held company and has not yet gone public through an Initial Public Offering (IPO). This allows the company to maintain control over its strategic decisions and long-term goals without the pressure of meeting short-term financial targets.
Redwood Materials Latest news
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