Ascend Elements is a company based in Westborough, Mass., that specializes in sustainable engineered battery materials. Its slogan "Sustainable engineered battery materials for the road to net zero. EV battery recycling & U.S.-made pCAM/CAM materials" encapsulates its commitment to sustainability and innovation. Established in 2015, the company operates in the Manufacturing, Sustainability, and Energy Storage sectors, with a focus on revolutionizing the production of sustainable lithium-ion battery materials.
Key to their approach is the proprietary Hydro-to-Cathode® direct precursor synthesis technology, which enables the more efficient production of lithium-ion battery precursor (pCAM) and cathode active materials (CAM) from spent lithium-ion cells. This innovation has led to significant environmental benefits, with up to 90% lower GHG emissions compared to traditional methods. Notably, Ascend Elements received a substantial $162.00M Series D investment on 20 February 2024 from Clearvision Ventures, Just Climate, Irongrey, indicating strong support from influential investors.
Overall, Ascend Elements stands at the forefront of advancing sustainability in the lithium-ion battery industry. By reducing batteries going to landfill and implementing a cleaner manufacturing process, the company is driving the industry toward a higher level of sustainability, aligning with the global efforts to mitigate climate change and achieve a net-zero future.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series D | $162.00M | 4 | Irongrey | 20 Feb 2024 |
Series D | $542.00M | 10 | Decarbonization Partners | 06 Sep 2023 |
Series D | $82.00M | 2 | Alumni Ventures | 01 May 2023 |
Series C | $200.00M | 10 | TDK Corporation, Lithium Americas | 26 Oct 2022 |
Debt Financing | $100.00M | - | 26 Oct 2022 |
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