Redwood Materials - Recycle, Refine, & Re-Manufacture

Weekly Edition & Stock Spotlight

October 13, 2023

Hill Chart Shape

ApeVue50 Index & Sectors YTD Performance (% year-to-date)

Returns for Private Markets (%YTD to 09-Oct-23):

Data = +16.54%

Analytics = +10.89%

Financial = +8.98%

ApeVue50 = +9.56%

SaaS = +22.22%

 

Most Active Names Performance

ApeVue's observed most active names in the secondary market from a consortium of world-class broker-dealers.

ApeVue50 Privates versus Public Benchmarks/ETFs

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Public v. Private (12mo)

The ApeVue50 tracks the performance of the 50 most active private names observed in the secondary market. It is an equal-weighted index, rebalanced on a monthly basis.

This rebalancing of constituents over time gives way for more active names to participate in what we observe as "market performance," and in a more appropriate manner than static selections and weightings criteria.

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Sectors

Headquarters
CEO

Stock Spotlight - Redwood Materials

Redwood Materials is pioneering a closed-loop domestic supply chain for lithium-ion batteries. They are doing more than just recycling; they are creating a system in which battery components are manufactured domestically and reused repeatedly.

Redwood Material’s Closed-loop — Domestic Supply Chain for Lithium-ion Batteries

Redwood’s Billion Dollar Boost

Redwood recently secured over $1 billion in Series D funding in addition to $2B loan commitment from the Department of Energy.

This funding round, supported by major investors like Goldman Sachs and T. Rowe Price, underscores confidence in Redwood's vision.

Key Insights:

Metal Recovery — Recover 95% of battery elements

✅ By 2025  — Redwood is set to produce sufficient anode and cathode for one million electric vehicles annually.

✅ By 2030  — Redwood is set to produce sufficient anode and cathode for five million electric vehicles annually.

Redwood Materials Secondary Market & Funding Round Data

Redwood Material's Series D Valuation, Current Implied Valuation, Bid:Ask Volume Ratio, and 90 Day Volatility based on ApeVue's Institutional-grade Secondary Market Data

Key Highlights:

  • Redwood Material's secondary market activity indicates a composite price mid of about $46, or a $4.8B valuation.
  • Redwood Material's implied valuation is about 12.5% less than the valuation they raised at during their Series D.
  • The bid/ask ratio for Redwood Materials is currently heavily favoring Asks over the last few quarters, and their volatility is cooling off compared to earlier this year in April/May.

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