Yes! Each Cinema 4D subscription that includes Team Render is bundled with 5 Redshift CPU Team Client entitlements, so you can use Redshift CPU when rendering via Team Render. To make use of client GPUs, you'll need a Redshift subscription for each client.
Note that only Team Render 26 and later are supported, and Maxon App 3.0+ must be installed on each client to provide licensing. Teams Floating licenses assigned via Teams Dashboard can be used, but Maxon License Server is not supported.