Ascend Elements announced it raised $460 Million in an initial filing from an offering of $650 Million
Ascend Elements announced it raised $460 Million in an initial filing from an offering of $650 Million
09/06/23, 4:42 PM
Location
Money raised
$460 million
Industry
information technology
Company Info
Location
westborough, massachusetts, united states
Additional Info
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.