How much funding has Ascend Elements raised?

Ascend Elements has raised $1.0B in total funding, most recently a Growth Equity round.

Who are Ascend Elements's investors?

Ascend Elements's investors include Just Climate, Decarbonization Partners, Temasek, Qatar Investment Authority, Clearvision Ventures, IRONGREY.

When was Ascend Elements founded?

Ascend Elements was founded in 2016.

Where is Ascend Elements headquartered?

Ascend Elements is headquartered in Westborough, Massachusetts, United States.

What industry is Ascend Elements in?

Ascend Elements operates in Advanced Manufacturing, Clean Tech, Electric Vehicles.

How many employees does Ascend Elements have?

Ascend Elements has 51-200 employees.

Ascend Elements

Producing Critical Minerals for the Energy Supply Chain

Westborough, United States · Founded 2016 · $1.0B raised

Advanced Manufacturing

Clean Tech

Electric Vehicles

Headquarters: Westborough, Massachusetts
Employees: 51–200
Founded: 2016
Business Model: B2B

Website: ascendelements.com
Total Funding: $1.0B
Last Round: $162.0M Growth EquityFeb 2024
Rounds: 3

About

Ascend Elements is North America's leading manufacturer of sustainable lithium-ion battery materials, converting spent EV batteries and manufacturing scrap into premium precursor cathode material (pCAM) and battery-grade lithium carbonate. Its patented Hydro-to-Cathode direct precursor synthesis process bypasses traditional black-mass smelting, delivering lower-cost, higher-performance cathode materials with a closed-loop supply chain. The company serves EV manufacturers and industrial battery customers across North America and Europe.

Summary

Ascend Elements is an Advanced Manufacturing company based in Westborough, United States, founded in 2016. It has raised $1.0B in total across 3 rounds, most recently a $162.0M Growth Equity round in Feb 2024. Investors include Just Climate, Decarbonization Partners and Temasek.

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