‘Too early’ to talk IPO, Redwood Materials’ incoming CFO says

Redwood Materials named former Tesla finance chief Deepak Ahuja as CFO after a long vacancy.

Ahuja said an IPO is not an immediate priority, despite renewed speculation around the company.

Redwood recently raised $425 million, bringing total funding above $2 billion.

The company is also shifting more resources toward energy storage after layoffs and executive departures.