Tech Company Financing Transactions
Ascend Elements Funding Round
Ascend Elements secured a $162 million funding round on 2/20/2024. Investors included Clearvision Ventures, IRONGREY and Just Climate.
Transaction Overview
Company Name
Announced On
2/20/2024
Transaction Type
Venture Equity
Amount
$162,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The new funding will advance construction of Ascend Elements' Apex 1 facility in Hopkinsville, Kentucky, which will be North America's first sustainable cathode precursor (pCAM) manufacturing facility open in early 2025.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
133 Flanders Rd
Westborough, MA 01581
USA
Westborough, MA 01581
USA
Phone
Website
Email Address
Overview
Ascend Elements is revolutionizing the production of lithium-ion battery materials by establishing a clean and sustainable supply chain using recycled feedstock. The patented Hydro-to-Cathode� direct precursor synthesis technology produces new cathode materials from spent lithium-ion cells more efficiently than traditional methods, resulting in reduced cost, improved performance, and lowered GHG emissions.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Mike O'Kronley
Chief Financial Officer
Andrew Aberdale
Chief Operating Officer
Daniel Russell
Chief Technical Officer
Eric Gratz
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