Ascend Elements

company

About

Ascend Elements manufactures sustainable battery materials using elements from discarded lithium-ion batteries.

Details

Last Funding Type
Series C
Last Funding Money Raised
$200M
Industries
Advanced Materials,Battery,Energy Storage,Manufacturing,Sustainability
Founded date
Jan 1, 2015
Number Of Employee
51 - 100
Operating Status
Active
Legal Name
Ascend Elements, Inc.
Also Known As
Battery Resources

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.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
11
$0.92B
Ascend Elements has raised a total of $0.92B in funding over 2 rounds. Their latest funding was raised on Oct 26, 2022 from a Series C round.
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

Employee Profiles

Number of Employee Profiles
6
Ascend Elements has 6 current employee profiles, including Executive Eric Gratz
Executive
Board observer
Executive
Executive
Executive