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Ascend Elements announced it raised $460 Million in an initial filing from an offering of $650 Million

Sep 06, 2023about 2 years ago

Amount Raised

$460 Million

WestboroughInformation Technology

Company Information

Company

Ascend Elements

Location

Westborough, Massachusetts, United States

About

Ascend Elements is a leading provider of sustainable, closed-loop battery materials solutions. From EV battery recycling to commercial-scale production of lithium-ion battery precursor (pCAM) and cathode active materials (CAM), Ascend Elements is revolutionizing the production of sustainable lithium-ion battery materials. Its proprietary Hydro-to-Cathode® direct precursor synthesis technology produces new pCAM from spent lithium-ion cells more efficiently than traditional methods, resulting in up to 90% lower GHG emissions. With fewer batteries going to landfill and a cleaner manufacturing process, Ascend Elements is taking the lithium-ion battery industry to a higher level of sustainability.

FundzWatch™ Score

36
Medium Activity
4 total signals

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