Ascend Elements manufactures sustainable battery materials using elements from discarded lithium-ion batteries.
Ascend Elements manufactures sustainable battery materials using elements from discarded lithium-ion batteries. It uses hydro process recycling and direct recycling that takes old cathode material down to the atomic level to create new cathode materials. It also helps clients to have maximum return on assets to economically drive recycling and low-cost battery materials.The patented Hydro-to-Cathode™ direct precursor synthesis technology produces new cathode materials from spent lithium-ion cells more efficiently than traditional methods, resulting in reduced cost, improved performance, and lowered GHG emissions.Ascend Elements was founded in 2015.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Oct 26, 2022 | Series C | $200M | 14 | Fifth Wall | — | Detail |
Oct 26, 2022 | Debt Financing | $100M | — | — | — | Detail |
Oct 19, 2022 | Grant | $480M | 1 | US Department of Energy | — | Detail |
Sep 1, 2022 | Corporate Round | $50M | 1 | SK ecoplant | — | Detail |
Sep 21, 2021 | Series B | $70M | 7 | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Fifth Wall | Yes | Series C |
US Department of Energy | Yes | Grant |
Massachusetts Clean Energy Center | Yes | Grant |
National Science Foundation | Yes | Grant |
At One Ventures | — | Series C |
Doral Energy-Tech Ventures | — | Series C |
Gly Capital Management | — | Series C |
Hitachi Ventures | — | Series C |
InMotion Ventures | — | Series C |
Lithium Americas | — | Series C |