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Ascend Elements
Engineered battery materials from recycled lithium-ion sources.
About Ascend Elements
Ascend Elements is a pioneering startup that operates in the sustainable energy sector, specifically focusing on lithium-ion battery materials and recycling. The company serves clients in the electric vehicle (EV) battery manufacturing industry, providing them with high-value materials reclaimed from spent lithium-ion batteries.
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Ascend Elements has developed a patented process called Hydro-to-Cathode® direct precursor synthesis. This innovative process transforms waste from used lithium-ion batteries and manufacturing scrap into valuable materials for future EV batteries. The company's approach is not just about recycling; it's about upcycling. They take discarded batteries and transform them into premium cathode active materials, all while reducing costs and carbon emissions.
The company's business model is centered around sustainability and value creation. They don't just produce commodity metals; they use advanced particle engineering techniques to create highly engineered precursor and cathode active materials that meet client specifications. Ascend Elements also offers full-service logistics, materials-tracking, and customer support services to simplify their clients' pursuit of greater sustainability and higher value.
In essence, Ascend Elements is a company that turns e-waste into critical battery materials, providing a sustainable solution for the EV battery industry. They are driving the industry towards a more sustainable future by raising the value of critical elements like lithium, cobalt, and nickel, and reducing cost and carbon emissions.
At a glance
- Founded
- 2015
- Headquarters
- Westborough, United States
- Sector
- Transportation
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed4 investors entered at this stage
US National Science Foundation
Massachusetts Clean Energy Center
MassVentures
US Department of Energy
Series A7 investors entered at this stage
Orbia Ventures
TRUMPF Venture
InMotion Ventures
At One Ventures
Doral Energy-Tech Ventures
TDK Ventures
Hitachi
Series B and later20 investors entered at this stage
SK ecoplant
Fifth Wall Ventures
Mirae Asset Capital
Oman Investment Fund
Lithium Americas
Hitachi Ventures- SGShinhan GIB
GLY Capital Management
Alumni Ventures
Qatar Investment Authority
Alliance Resource Partners
Decarbonization Partners
Temasek
Tenaska
CMA CGM
BHP
Agave Partners
IRONGREY
Just Climate
Clearvision Ventures
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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