Battery-recycling company Redwood Materials appointed Deepak Ahuja as incoming CFO, reuniting him with co-founder JB Straubel, Tesla's former CTO. Ahuja dismissed speculation about an IPO as premature.
Deepak Ahuja, who previously served as Tesla's finance chief, will join Redwood Materials in a finance leadership role. The move reunites Ahuja with co-founder JB Straubel, who left Tesla in 2019 as Chief Technology Officer.
Redwood Materials focuses on battery recycling and energy storage solutions. The company has positioned itself as a critical player in the EV supply chain, extracting materials from battery waste.
When asked about potential public market plans, Ahuja stated it remains too early in the company's development to discuss an IPO. The statement suggests Redwood is prioritizing operational scaling over near-term exit strategies.
Ahuja's appointment signals the company's growth phase, bringing proven financial expertise from one of the world's most scrutinized public companies. His track record at Tesla, where he managed finance through multiple capital raises and the path to profitability, could inform Redwood's financial strategy as the battery recycling sector expands.
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