Ascend Elements is a provider of sustainable battery materials. By leveraging advanced research and development techniques, the company has unlocked new pathways to produce battery materials that are not only eco-friendly but also enhance the efficiency and lifespan of energy storage systems. Ascend Elements employs a multi-faceted approach to sustainable battery materials, focusing on key elements such as cobalt, lithium, and nickel, which are crucial components in many battery chemistries.
Ascend Elements has raised $162 million in new equity investments. Major investors include Just Climate, Clearvision Ventures, and IRONGREY. The fresh funding brings Ascend Elements’s 12-month funding total to $704 million, including the $542 million funding round led by Decarbonization Partners, Temasek, and Qatar Investment Authority in September 2023.
Ascend Elements, Westborough, Massachusetts, United States, was founded in 2015 by Diran Apelian, Eric Gratz, and Yan Wang. “I’d like to thank our new and existing partners for investing in North America’s critical EV battery infrastructure,” said said Mike O’Kronley, CEO at Ascend Elements. “This diverse group of leading climate investors and industry partners underscores the confidence that the market has placed in our business. By recycling lithium-ion batteries and making new, engineered battery materials with lower carbon emissions, Ascend Elements is accelerating the global transition to zero carbon emissions.”
