Ascend Elements logo — Refining critical minerals for greater supply security and e...

Ascend Elements

Refining critical minerals for greater supply security and energy independence.

Founded 2015 United States Westborough, United States 160 employees Secondary Market Total: $1.71B Manufacturing, Sustainability +1

General Information

Company Name Ascend Elements
Founded Year 2015
Location United States Westborough, United States
Employees 160
Industries Manufacturing, Sustainability, Energy Storage
Funding Stage Secondary Market
Social

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About Ascend Elements

Ascend Elements, established in 2015 and headquartered in Westborough, Mass., is a pioneering force in the lithium-ion battery materials sector. With a strong focus on sustainability within the manufacturing, sustainability, and energy storage industries, the company aims to advance environmental goals with its slogan: "Sustainable engineered battery materials for the road to net zero."

Offering a closed-loop solution for battery materials, Ascend Elements is revolutionizing the industry through its proprietary Hydro-to-Cathode® technology. This innovative process transforms spent lithium-ion cells into new precursor materials (pCAM) and cathode active materials (CAM), thereby reducing GHG emissions by up to 90% compared to traditional methods. This not only minimizes landfill waste but also ensures a cleaner manufacturing process.

Recently, the company secured a Secondary Market investment in September 2024, signaling strong investor confidence despite no disclosed investor names. Ascend Elements stands as a promising candidate for further investment in its efforts to enhance sustainability in battery production.

Business keywords: Sustainable Battery Materials, EV Battery Recycling, Closed-loop Solutions, Hydro-to-Cathode Technology, Lithium-ion Battery Precursor, Cathode Active Materials, Greenhouse Gas Emissions Reduction, Advanced Battery Materials, Hydroprocess Recycling, Direct Recycling, Precious Metal Recovery, Resource Efficiency, Clean Manufacturing, Circular Economy, Asset Optimization

Services & Products

Recycling lithium-ion batteries
Producing high-performance battery materials
Direct cathode precursor synthesis
Materials tracking and logistics support
End-to-end battery material recovery

Target Customers

Lithium-ion battery manufacturers Electric vehicle manufacturers OEMs Companies focused on sustainability Entities requiring battery recycling solutions

Funding Rounds & Investors (16)

View All
Funding Stage Amount Investors Lead Investors Date
Secondary Market Undisclosed -
09 Sep 2024
Series D $162.00M 4
Clearvision Ventures, Just Climate +2
20 Feb 2024
Series D $542.00M 10
Fifth Wall, Mirae Asset +8
06 Sep 2023
Series C Undisclosed -
23 Jul 2023
Series D $82.00M 2
Fifth Wall, Alumni Ventures
01 May 2023
Debt Financing $100.00M -
26 Oct 2022
Series C $200.00M 10
Hitachi Ventures, InMotion Ventures +8
26 Oct 2022
Grant $480.00M 1
US Department of Energy
19 Oct 2022
Corporate Round $50.00M 1
SK ecoplant
01 Sep 2022
Series B $70.00M 7
At One Ventures, Doral Energy-Tech Ventures +5
21 Sep 2021

View All 16 Funding Rounds

Ascend Elements Alternatives & Competitors

View All Alternatives
Ascend Elements vs
Sylvatex (SVX)
Sylvatex (SVX) United States

Future-Proofing Battery Materials Manufacturing

Series A
17 employees
Manufacturing, Clean Energy
Ascend Elements vs
GRST
GRST Hong Kong S.a.r.

2023 Earthshot Prize Winner - we make lithium-ion batteries PFAS-free, low CO2 footprint, and easily...

Grant
21 employees
Manufacturing, Energy Storage
Ascend Elements vs
Princeton NuEnergy
Princeton NuEnergy United States

We deliver a cost-effective, environmentally friendly lithium-ion battery recycling solution.

Series A
40 employees
Manufacturing, Sustainability

FAQ About Ascend Elements

Refining critical minerals for greater supply security and energy independence.
Ascend Elements was founded in 2015.
Ascend Elements is headquartered in Westborough, United States.
Ascend Elements operates in Manufacturing, Sustainability and Energy Storage. Its work centres on Sustainable Battery Materials, EV Battery Recycling, Closed-loop Solutions and Hydro-to-Cathode Technology. Its customers include Lithium-ion battery manufacturers, Electric vehicle manufacturers and OEMs.
Ascend Elements has approximately 160 employees.
Ascend Elements has completed 16 funding rounds, raising a total of $1.71B. The latest funding stage is Secondary Market.
Ascend Elements offers: Recycling lithium-ion batteries, Producing high-performance battery materials, Direct cathode precursor synthesis, Materials tracking and logistics support, End-to-end battery material recovery.
Top alternatives and competitors to Ascend Elements include Sylvatex (SVX), GRST, Princeton NuEnergy, LOHUM , COSMX. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Ascend Elements and Sylvatex (SVX) are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Ascend Elements, https://bouncewatch.com/company/ascend-elements, updated 19 May 2026. When citing, please name BounceWatch and link this page.

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