About Ascend Elements
Ascend Elements is a company based in Westborough (United States) founded in 2015 by Yan Wang and Eric Gratz.. Ascend Elements has raised $1.1 billion across 12 funding rounds from investors including TRUMPF, Mirae Asset and CMA CGM. Ascend Elements offers products and services including Hydro-to-Cathode Process, Cathode Precursor (pCAM), and Lithium Carbonate (Li2CO3). Ascend Elements operates in a competitive market with competitors including Lohum, Redwood Materials, NanoOne, Mangrove Lithium and Li Industries, among others.
- Headquarter Westborough, United States
- Founders Yan Wang, Eric Gratz
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Sectors
EnvironmentEnergy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Ascend Elements, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.1 B (USD)
in 12 rounds
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Latest Funding Round
$162 M (USD), Series D
Feb 20, 2024
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Investors
TRUMPF
& 29 more
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Employee Count
Employee Count
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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). The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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 Total Funding
- Total Rounds 12
- Last Round Series D — $162.0M
- First Round First Round
- Investors Count 30
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series D - Ascend Elements | Valuation | Just Climate , Clearvison Ventures | |
| Sep, 2023 | Amount | Series D - Ascend Elements | Valuation | BlackRock , Temasek | |
| Sep, 2023 | Amount | Grant - Ascend Elements | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ascend Elements
Ascend Elements has secured backing from 30 investors, including institutional and venture fund investors. Prominent investors backing the company include TRUMPF, Mirae Asset and CMA CGM. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Software startups are invested in by Clearvision Ventures.
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Venture capital firm focused on Web 3
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An investment platform is provided for diverse sectors and geographies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ascend Elements
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ascend Elements
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ascend Elements Comparisons
Competitors of Ascend Elements
Ascend Elements operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Lohum, Redwood Materials, NanoOne, Mangrove Lithium and Li Industries, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining
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| domain | founded_year | HQ Location |
Used battery packs are repurposed for modular energy storage systems.
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| domain | founded_year | HQ Location |
Nanotech-based cathode materials for lithium batteries are developed.
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| domain | founded_year | HQ Location |
Modular scalable lithium refining technology is developed for battery-grade production.
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| domain | founded_year | HQ Location |
Lithium-ion battery recycling
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ascend Elements
Frequently Asked Questions about Ascend Elements
When was Ascend Elements founded?
Ascend Elements was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Ascend Elements located?
Ascend Elements is headquartered in Westborough, United States. It is registered at Westborough, Massachusetts, United States.
Who is the current CEO of Ascend Elements?
Linh Austin is the current CEO of Ascend Elements.
Is Ascend Elements a funded company?
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 Grant of $480.58M, raised on Nov 02, 2016.
What does Ascend Elements do?
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.
Who are the top competitors of Ascend Elements?
Ascend Elements's top competitors include Lohum, Redwood Materials and Mitra Chem.
What products or services does Ascend Elements offer?
Ascend Elements offers Hydro-to-Cathode Process, Cathode Precursor (pCAM), and Lithium Carbonate (Li2CO3).
Who are Ascend Elements's investors?
Ascend Elements has 30 investors. Key investors include TRUMPF, Mirae Asset, CMA CGM, Tenaska, and BlackRock.