Ascend Elements

Ascend Elements

Westborough, Massachusetts, United States

Team size: 51 - 200

Sector: Manufacturing and materials

About Ascend Elements


Founders: Diran Apelian, Eric Gratz, Yan Wang

Founded date: 2015

Company revenue: US$ 100 - 500 million

Investors: Lithium Americas, Mirae Asset Capital, National Science Foundation, SK ecoplant, US Department of Energy

Company stage: Series C Plus

Based in Westborough, Mass., Ascend Elements is revolutionizing the production of lithium-ion battery materials by establishing a clean and sustainable supply chain using recycled feedstock. Its patented Hydro-to-Cathode technology directly synthesizes new cathode active materials from spent lithium-ion cells more efficiently than traditional methods, resulting in reduced cost, improved performance, and lowered GHG emissions. The results are lower cost, better performance batteries with fewer discarded in landfill, a cleaner manufacturing process, and a truly sustainable closed-loop circular battery economy. Ascend Elements is taking the lithium-ion battery industry to a higher level.

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