Ascend Elements
Founded Year
2015Stage
Grant - V | AliveTotal Raised
$1.703BLast Raised
$125M | 2 days agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+129 points in the past 30 days
About Ascend Elements
Ascend Elements specializes in the production of battery materials for the lithium-ion battery industry. The company offers a patented Hydro-to-Cathode process that recycles spent lithium-ion batteries into materials for use in new electric vehicle (EV) batteries. It serves electric vehicle original equipment manufacturers (OEMs), battery manufacturers, and cathode manufacturers. Ascend Elements was formerly known as Battery Resourcers. It was founded in 2015 and is based in Westborough, Massachusetts.
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Ascend Elements's Product Videos
ESPs containing Ascend Elements
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The electric vehicle (EV) battery recycling market is focused on safely and responsibly recycling used lithium-ion batteries and manufacturing scrap, while also providing a sustainable source of critical battery materials. The market aims to close the loop for the lithium-ion supply chain by recovering critical battery elements from end-of-life batteries or scrap and using them to make new cathode…
Ascend Elements named as Leader among 15 other companies, including ExxonMobil, Contemporary Amperex Technology, and Umicore.
Ascend Elements's Products & Differentiators
Hydro-to-Cathode
Our Hydro-to-Cathode process separates the impurities from Ni, Mn and Co and keeps the valuable critical minerals together which directly are used to make new precursor materials for battery cathodes.
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Research containing Ascend Elements
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Ascend Elements in 2 CB Insights research briefs, most recently on Nov 1, 2023.
Nov 1, 2023 report
State of CVC Q3’23 Report
Expert Collections containing Ascend Elements
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Ascend Elements is included in 2 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,244 items
Energy Storage
5,352 items
Companies in the Energy Storage space, including those developing and manufacturing energy storage solutions such as lithium-ion batteries, solid-state batteries, and related software for battery management.
Ascend Elements Patents
Ascend Elements has filed 16 patents.
The 3 most popular patent topics include:
- lithium-ion batteries
- rechargeable batteries
- battery (electricity)
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
8/2/2022 | 8/27/2024 | Lithium-ion batteries, Rechargeable batteries, Battery electric cars, Electric cars, Battery (electricity) | Grant |
Application Date | 8/2/2022 |
|---|---|
Grant Date | 8/27/2024 |
Title | |
Related Topics | Lithium-ion batteries, Rechargeable batteries, Battery electric cars, Electric cars, Battery (electricity) |
Status | Grant |
Latest Ascend Elements News
Sep 23, 2024
. September 23, 2024 Science Photo Library / Alamy Stock Photo Another $125 million in funding has been awarded by the U.S. Department of Energy to Ascend Elements which is part of a federal effort to boost battery production and recycling for electric vehicles. Ascend Elements will put the federal award toward a new battery recycling process at facilities in Hopkinsville, Ky. in partnership with Orbia. The companies will extract graphite from the recycled batteries, process and enhance it at an Orbia facility in Louisiana, and then sell the new battery-grade graphite. White House National Climate Advisor Ali Zaidi said in a statement the funding is, “helping support the technologies that we need in the market today, the components that we will need in the near future, and the innovative technologies we need to advance our vision for a circular domestic battery supply chain that positions the United States to continue leading the global effort on clean energy.”
Ascend Elements Frequently Asked Questions (FAQ)
When was Ascend Elements founded?
Ascend Elements was founded in 2015.
Where is Ascend Elements's headquarters?
Ascend Elements's headquarters is located at 133 Flanders Road, Westborough.
What is Ascend Elements's latest funding round?
Ascend Elements's latest funding round is Grant - V.
How much did Ascend Elements raise?
Ascend Elements raised a total of $1.703B.
Who are the investors of Ascend Elements?
Investors of Ascend Elements include U.S. Department of Energy, SK ecoplant, SKS PE, Just Climate, Clearvision Ventures and 30 more.
Who are Ascend Elements's competitors?
Competitors of Ascend Elements include Maple Materials and 6 more.
What products does Ascend Elements offer?
Ascend Elements's products include Hydro-to-Cathode and 1 more.
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Compare Ascend Elements to Competitors
Redwood Materials specializes in creating a sustainable circular supply chain for lithium-ion batteries within the recycling and manufacturing industry. The company's main services include recycling used batteries, refining metals through hydrometallurgical processes, and remanufacturing anode and cathode components for new batteries. Redwood Materials primarily serves the battery manufacturing sector, providing domestically sourced materials to U.S. cell manufacturers. It was founded in 2017 and is based in Carson City, Nevada.
tozero focuses on lithium-ion battery recycling within the environmental services industry. The company offers a sustainable process to recover critical materials such as lithium, nickel, cobalt, manganese, and graphite from all types of lithium-ion batteries, reintroducing them into the supply chain. It primarily serves sectors like eMobility firms, electronic waste recyclers, battery manufacturers, and second-life battery firms. The company was founded in 2022 and is based in Munich, Germany.
Blue Whale Materials is a company that focuses on recycling solutions, specifically within the battery recycling industry. The company's main service involves the safe reclamation and responsible supply of critical materials such as cobalt, nickel, and lithium from recycled lithium-ion batteries. These services primarily cater to the electrified economy, including sectors such as smart phones, electric vehicles, and electric storage technology. It was founded in 2018 and is based in Washington, District of Columbia.
Redivivus specializes in lithium-ion battery recycling, focusing on logistics and material recovery in the recycling industry. The company offers services that include neutralizing battery hazards, cryogenic freezing, shredding, and safe transportation of battery materials for recycling. Redivivus targets the recycling challenges faced by various sectors, providing solutions to safely and efficiently handle end-of-life batteries. It was founded in 2020 and is based in Colorado Springs, Colorado.
Cylib specializes in battery recycling within the renewable energy and waste management sectors. The company offers a process for the recycling of lithium-ion batteries, transforming waste into marketable raw materials. Its process is designed to serve the electric vehicle industry by recovering valuable elements from end-of-life batteries and production scrap. It was founded in 2022 and is based in Aachen, Germany.
Sylvatex focuses on manufacturing technology within the electric vehicle battery sector. Its main offerings include a proprietary waterless process for producing cathode active material for lithium-ion batteries. The technology is adaptable to various cathode materials, allowing flexibility for battery manufacturers in response to market changes. It was founded in 2012 and is based in Alameda, California.
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