'Too early' to talk IPO, Redwood Materials' incoming CFO says | TechCrunch

"Naturally, an IPO is a potential outcome for any private company, and we'll talk about it when the time is right. Part of his caution, he said, was because Redwood Materials has so far had no trouble raising money from blue-chip investors. The company in January closed a $425 million Series E funding round that brought its total capital raised to more than $2 billion, and its valuation to over $6 billion. It also added Google and Nvidia's venture arm to its cap table."

"Redwood has, I'd say, the crème de la crème of investors already, who do have deep pockets. If they're excited, they'll fund. But I also expect that new investors will see what Redwood is doing, and they'll get equally excited, and will want to come in and invest and offer us, perhaps, good terms as well."

"Ahuja joins an executive team that includes Tesla's former CTO (JB Straubel, Redwood's founder and CEO), and former Tesla powertrain vice president Colin Campbell (Redwood's CTO), among a number of other Tesla expats throughout the ranks. Most recently, Ahuja was chief finance and business officer at drone company Zipline."

"Ahuja's appointment comes a pivotal moment for Redwood Materials. The company recently lost its chief operating officer (another former Tesla exec) to retirement, along with at least three other vice presidents, Those executives left amidst a restructuring that affected 10% of"

Deepak Ahuja has been hired as Redwood Materials’ chief financial officer. He previously served as Tesla’s finance chief and joins an executive team that includes Tesla alumni such as JB Straubel and Colin Campbell. Ahuja also comes from Zipline, where he was chief finance and business officer. He said an IPO is a possible outcome but is “too early” to discuss, noting Redwood has not faced difficulty raising capital. In January, Redwood closed a $425 million Series E round, bringing total capital raised above $2 billion and valuation above $6 billion. The company added Google and Nvidia’s venture arm to its cap table. Ahuja expects continued investor interest and potentially favorable terms for future investment.

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