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
Not available
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Net Profit
Not available
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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
Not available
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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).
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.
People of Ascend Elements
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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.
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.
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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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Investor details for Ascend Elements
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Investments & Acquisitions by Ascend Elements
Investment portfolio details for Ascend Elements
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Financial Statements - Ascend Elements
Detailed financials for Ascend Elements
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Ascend Elements Comparisons
Peer comparison for Ascend Elements
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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.
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Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining
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Used battery packs are repurposed for modular energy storage systems.
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Nanotech-based cathode materials for lithium batteries are developed.
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Modular scalable lithium refining technology is developed for battery-grade production.
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Lithium-ion battery recycling
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Detailed competitors of Ascend Elements
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Latest news on 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 current CEO of Ascend Elements.
Ascend Elements is a funded company, having raised a total of $1.1B across 12 funding rounds to date.
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 Lohum, Redwood Materials and Mitra Chem.
Ascend Elements offers Hydro-to-Cathode Process, Cathode Precursor (pCAM), and Lithium Carbonate (Li2CO3).
Ascend Elements has 30 investors. Key investors include TRUMPF, Mirae Asset, CMA CGM, Tenaska, and BlackRock.