Ascend Elements
Producing Critical Minerals for the Energy Supply Chain
Westborough, United States · Founded 2016 · $1.0B raised
- 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.
Tech & App Stack
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Funding History
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Feb 2024
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Growth Equity — per-round amounts, valuations, and who invested in each round.
Investors
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