Last deal

$98.2M

Amount

Secondary Market

Stage

09.09.2024

Date

8

all rounds

$1.6B

Total amount

General

About Company
Ascend Elements revolutionizes lithium-ion battery production with sustainable materials.

Industry

Sector :

Subsector :

Keywords :

Also Known As

Ascend, Battery Resourcers

founded date

2015

Number of employees

Company Type

For Profit

Last funding type

Secondary Market

IPO status

Private

Description

Ascend Elements, based in Westborough, Mass., uses recycled feedstock to establish a clean and sustainable supply chain for lithium-ion battery materials. Their patented Hydro-to-Cathode™ technology efficiently synthesizes new cathode active materials from spent lithium-ion cells, resulting in lower cost, improved performance, and reduced greenhouse gas emissions. By creating a closed-loop circular battery economy, Ascend Elements contributes to a cleaner manufacturing process and fewer batteries discarded in landfills. Founded in 2015, Ascend Elements is taking the lithium-ion battery industry to a higher level by providing sustainable and cost-effective battery materials through innovative recycling methods.
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