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How to Buy Redwood Materials Stock in 2024 | The Motley Fool
Redwood Materials is a company focused on the recycling of lithium-ion batteries.
Notable for its focus on recycling lithium-ion batteries, Redwood Materials may be an exciting investment if it chooses to IPO.

ooking for opportunities to prosper from the increasing presence of lithium-ion batteries, growth investors have set their sights on Redwood Materials stock. The company, created in 2017 by Tesla co-founder J.B. Straubel, is driving to advance a more sustainable future by recycling lithium-ion batteries, refining the battery materials, and remanufacturing them for future use.

The opportunity is considerable. According to one estimate, the lithium-ion battery recycling market is expected to increase at a compound annual growth rate of almost 31%, from about $6.5 billion in 2022 to $35.1 billion in 2031.


Besides the equity that insiders hold in the company, financial institutions like Goldman Sachs (GS 1.06%) and T. Rowe Price (TROW -0.21%) also hold stakes in Redwood Materials. After its latest Series D funding round, Redwood Materials had raised more than $2 billion in private investments.

While it's still the early innings for Redwood Materials, the company has garnered attention from leading carmakers over the past two years. The company received a notable investment from Ford (F 2.15%) in 2021. In 2022, Redwood Materials partnered with Volkswagen to assist in recycling end-of-life electric vehicle (EV) batteries. More recently, Redwood Materials announced in 2023 that it will work with Toyota (TM -2.15%) to develop a recycling solution for its hybrid EV batteries.
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Getty Images - Wikipedia

Getty Images Holdings, Inc. is an American visual media company and supplier of stock images, editorial photography, video, and music for business and consumers, with a library of over 477 million assets. It targets three markets—creative professionals (advertising and graphic design), the media (print and online publishing), and corporate (in-house design, marketing and communication departments).

Getty Images has distribution offices around the world and capitalizes on the Internet for distribution with over 2.3 billion searches annually on its sites. As Getty Images has acquired other older photo agencies and archives, it has digitised their collections, enabling online distribution. Getty Images operates a large commercial website that clients use to search and browse for images, purchase usage rights, and download images. Image prices vary according to resolution and type of rights. The company also offers custom photo services for corporate clients.

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Sigma Lithium Corp
Lithium Americas Corp
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