Ascend Elements, Inc.
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Ascend Elements, Inc. - overview
Established
2015
Location
Westborough, MA, US
Primary Industry
Materials
About
Founded in 2015 by Yan Wang, Eric Gratz (CTO), and Diran Apelian and based in Massachusetts, US, Ascend Elements, Inc. , formerly Battery Resourcers Inc. , operates as a recycling company that recycles lithium-ion batteries that stabilize the supply chain. In February 2024, Ascend Elements, Inc.
raised USD 162 million in Series D funding from Irongrey, Clearvision Ventures, and Just Climate. As of 2024, the company is led by its CEO, Mike O’Kronley. The company offers advanced battery materials that include cobalt sulfate, manganese sulfate, nickel sulfate, and lithium carbonate made from recycling old batteries. The company uses patented Hydro-to-Cathode™ direct precursor synthesis technology for impurity extraction and the production of cathodes that can be further used in batteries.
The organization plans to use the February 2024 funding to accelerate the construction of its Apex 1 EV battery materials manufacturing facility in Hopkinsville, Kentucky.
Current Investors
InMotion Ventures, TRUMPF Venture, Hitachi Ventures
Primary Industry
Materials
Sub Industries
Energy Storage & Batteries, Recycling, Advanced Materials
Website
www.ascendelements.com
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
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