About Ascend Elements
Ascend Elements is an Environment company based in Westborough (United States) founded in 2015 by Yan Wang, Eric Gratz, and Diran Apelian. Lithium-ion battery materials are manufactured from reclaimed battery elements. It operates in the Environment and Energy & Utilities sectors. Ascend Elements has raised $1.1 billion across 12 funding rounds from investors including TRUMPF, Mirae Asset and CMA CGM. The company has 110 employees. Ascend Elements was last valued at $10 billion in April 2026. Its chief executive, as recorded, is Linh Austin. Ascend Elements offers products and services including Hydro-to-Cathode Process, Cathode Precursor (pCAM), and Lithium Carbonate (Li2CO3). Its focus areas include Environment Tech, Solid Waste Management Tech, Recycling and Tech Enabled Recyclers. Its legal entity is Ascend Elements, Inc. Its competitors include Redwood Materials, Li Industries and Mitra Chem; 3 of its 3 listed competitors have raised funding.
Company details
Ascend Elements was founded in 2015 and is headquartered in Westborough, United States. Operations focus on the production of advanced lithium-ion battery materials within the clean energy sector. Patented hydro-to-cathode direct precursor synthesis technology is utilized to create cathode materials from elements reclaimed in discarded lithium-ion batteries. This approach is applied to enhance efficiency, lower production costs, improve material performance, and reduce greenhouse gas emissions compared to conventional processes.
- Headquarters Westborough, United States
- Employees 110
- Founders Yan Wang, Eric Gratz, Diran Apelian
- Stage Unicorn
- SectorsEnvironmentEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website ascendelements.com
- Social LinkedIn X YouTube
- Legal Name Ascend Elements, Inc.
- Total Equity Funding$1.1B (USD)
in 12 rounds
- Latest Funding Round$162M (USD), Series D
Feb 2024
- InvestorsTRUMPF
& 32 more
- Employee Count110
Products & Services of Ascend Elements
Ascend Elements offers a comprehensive portfolio of products and services, including Hydro-to-Cathode Process, Cathode Precursor (pCAM), and Lithium Carbonate (Li2CO3).
Transforms waste batteries into cathode precursors for lithium-ion production.
Engineered materials from recycled sources for advanced battery manufacturing.
Recovered element used in sustainable battery material synthesis.
Apps and channels of Ascend Elements
its YouTube channel Ascend Elements has 275 subscribers and 20 videos.
Videos from Ascend Elements
The most watched videos on Ascend Elements's YouTube channel, Ascend Elements (275 subscribers). Click a video to play it here.
More on Ascend Elements.
Funding Insights of Ascend Elements
Ascend Elements has successfully raised a total of $1.1B across 12 strategic funding rounds. The most recent funding activity was a Series D round of $162 million completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.1B
- Total Rounds 12
- Last Round Series D — $162M
- Investors Count 33
Latest 10 of 12 funding rounds of Ascend Elements with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2024 | $162M | Series D | – | Just Climate, Clearvison Ventures | |
| Sep 2023 | $460.09M | Series D | – | BlackRock, Temasek | |
| Sep 2023 | $480.58M | Grant | – | – | |
| Jun 2023 | $82M | Series D | – | – | |
| Oct 2022 | Debt – Conventional | – | – | – | |
| Oct 2022 | $200M | Series C | – | Fifth Wall, Oman Investment Authority | |
| Oct 2022 | $480M | Grant | – | – | |
| Aug 2022 | $101.3M | Series C | – | SK Eco Plant | – |
| Oct 2021 | $70M | Series B | – | – | – |
| Apr 2021 | $21.35M | Series B | – | – |
| Date | Valuation | Stage |
|---|
Full valuation and stage history of Ascend Elements
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $10B (Apr 2026). 33 investors in total: 33 institutional.
Investors in Ascend Elements
Ascend Elements has secured backing from 33 investors, including institutional and venture fund investors. Prominent investors backing the company include TRUMPF, Mirae Asset and CMA CGM.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Software startups are invested in by Clearvision Ventures. | clearvisionventures.com | Menlo Park, United States | ||
Venture capital firm focused on Web 3 | Seoul, South Korea | |||
An investment platform is provided for diverse sectors and geographies. | 1974 | temasek.com.sg | Singapore, Singapore | |
Investments are made in early-stage tech startups by Fifth Wall. | 2016 | fifthwall.com | New York, United States | |
Venture capital funding is provided for technology and healthcare companies. | hitachi-ventures.com | Munich, Germany | ||
| atoneventures.com | ||||
Venture capital funds focused on growth oriented companies | agavepartners.com | San Jose, United States | ||
Venture capital investing and portfolio management services for accredited investors. | av.vc | |||
| glycm.com | ||||
Financial group | 1982 | shinhangroup.com | Seoul, South Korea |
Investor details for Ascend Elements
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Ascend Elements
46 people are tracked at Ascend Elements (18 in leadership, 5 in board & advisors, 23 in team); the tracked headcount is 110.
| Name | Role | Group |
|---|---|---|
Yan Wang | Co-Founder | Leadership |
Eric Gratz | Co-Founder and Chief Technical Officer | Leadership |
Linh Austin | Chief Executive Officer | Leadership |
Diran Apelian | Founder | Leadership |
Haixia Deng | VP of Cathode | Leadership |
Andrew Schoch | R&d Director | Leadership |
Yadong Liu | Associate Director Of Process Development | Leadership |
Michael Pelsozy | Senior Director Of Advanced Manufacturing Engineering | Leadership |
Anna Sosnowik | Director Of Business Development | Leadership |
Dan Russell | Chief Operating Officer | Leadership |
Leila Moeini-Nombel | Director Of Quality | Leadership |
Bebel Villar | Technical Director | Leadership |
Roger Lin | VP, Global Marketing & Government Relations | Leadership |
Andrew Aberdale | CFO | Leadership |
Keith Wallace | Senior Vice President Finance | Leadership |
Tomasz Poznar | VP of Strategy & GM, Europe | Leadership |
Daniel P. Russell | COO | Leadership |
Dustin Whiteley | Vice President Of Projects | Leadership |
Faysal Sohail | Director | Board & advisors |
Eitan Dekel | Director | Board & advisors |
26 more people are available in the full profile.
Complete people profiles for Ascend Elements
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Timeline of Ascend Elements
4 dated milestones of Ascend Elements across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Ascend Elements is founded.
- Funding First funding round.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Series D, of $162.0M.
Competitors of Ascend Elements
Ascend Elements has 3 listed competitors in our database, 3 of them funded. They include Redwood Materials, Li Industries and Mitra Chem.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| redwoodmaterials.com | 2017 | Carson, United States | $2.22B | 101 | Used battery packs are repurposed for modular energy storage systems. | |
| li-ind.com | 2017 | Blacksburg, United States | $49.29M | 18 | Lithium-ion battery recycling | |
| mitrachem.com | 2021 | Palo Alto, United States | $95.6M | 11 | Iron-based cathode materials for lithium-ion batteries are manufactured. |
Detailed competitors of Ascend Elements
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Web traffic of Ascend Elements
The website of Ascend Elements (ascendelements.com) receives about 9.2K visits a month.
- Monthly visits9.2K
▲ 6.1% vs previous month
Websites whose visitors overlap most with Ascend Elements. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| batteryrecyclersofamerica.com | 100% | 21.4K | #1,405,556 | View details | |
| recyclingtoday.com | 87% | #439,118 | View details | ||
waste360.com | waste360.com | 80% | #721,810 | – | |
canarymedia.com | canarymedia.com | 78% | #145,883 | – | |
wkdzradio.com | wkdzradio.com | 26% | #140,079 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Ascend Elements
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- 6 similar websites
- Audience overlap
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Verified entity values are shown only after access is granted.
Top companies in Waste & Water Management Systems
3 companies that operate in the same segment as Ascend Elements (Waste & Water Management Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Waste collection and management services are provided nationwide. | 1968 | Houston, Texas, United States | USD 25.2 B | 61,700 | ||
Integrated waste management services are provided nationwide. | 1998 | Phoenix, Arizona, United States | USD 16.59 B | 42,000 | ||
Smart water dispensers with flavored options are provided for offices. | 2013 | Boston, Massachusetts, United States | USD 135.53 M | 102 |
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Related news about Ascend Elements
Complete news archive for Ascend Elements
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Frequently Asked Questions about Ascend Elements
Ascend Elements was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Ascend Elements is headquartered in Westborough, United States. It is registered at Westborough, Massachusetts, United States.
Linh Austin is the CEO of Ascend Elements, as recorded in our data.
Ascend Elements is a funded company, having raised a total of $1.1B across 12 funding rounds to date. The company's 1st funding round was a Series B of $21.35M, raised on Nov 2016.
Ascend Elements has 110 employees.
Ascend Elements was founded in 2015 and is headquartered in Westborough, United States. Operations focus on the production of advanced lithium-ion battery materials within the clean energy sector. Patented hydro-to-cathode direct precursor synthesis technology is utilized to create cathode materials from elements reclaimed in discarded lithium-ion batteries. This approach is applied to enhance efficiency, lower production costs, improve material performance, and reduce greenhouse gas emissions compared to conventional processes.
Ascend Elements's top competitors include Redwood Materials, Mitra Chem and Li Industries.
Ascend Elements offers Hydro-to-Cathode Process, Cathode Precursor (pCAM), and Lithium Carbonate (Li2CO3).
Ascend Elements has 33 investors. Key investors include TRUMPF, Mirae Asset, CMA CGM, Tenaska, and BlackRock.
The valuation of Ascend Elements is $10B as of Apr 2026.
Ascend Elements operates through Ascend Elements, Inc..