Ascend Elements: Funding, Investors & Team (Oct 2026)
Ascend Elements utilizes advanced processes to extract valuable elements from used lithium-ion batteries for manufacturing new battery materials. Through methods like hydroprocess recycling and direct recycling, it breaks down old cathode material at the atomic level to produce new cathode materials. This approach not only helps clients achieve optimal asset returns, but also supports cost-effective recycling and production of battery materials.
Ascend Elements has raised $362M across 3 funding rounds on record, the most recent an undisclosed round of $98.2M announced in Sep 2024.
That round is above the $15M median round size for Energy companies tracked on FundedIQ over the last two years.
Ascend Elements Company Profile and Key Stats
Latest funding round on record: Sep 2024.
Ascend Elements Funding Rounds
Ascend Elements raised $101M in an undisclosed round announced in Aug 2022.
1.5 years later, a Series D of $162M was announced in Feb 2024.
7 months later, an undisclosed round of $98.2M was announced in Sep 2024.
Ascend Elements Founders and Leadership Team
Contact details for the Ascend Elements team: 1 of 2 have an email address on file.
Start 14-day free trial →Ascend Elements Funding Compared to Other Energy Startups
Ascend Elements' latest round of $98.2M is above the median round in Energy. Medians cover the last 24 months of disclosed rounds.
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Ascend Elements Funding FAQs
What does Ascend Elements do?
Ascend Elements utilizes advanced processes to extract valuable elements from used lithium-ion batteries for manufacturing new battery materials. Through methods like hydroprocess recycling and direct recycling, it breaks down old cathode material at the atomic level to produce new cathode materials. This approach not only helps clients achieve optimal asset returns, but also supports cost-effective recycling and production of battery materials.
How much funding has Ascend Elements raised?
Ascend Elements has raised $362M across 3 rounds on record. The most recent is an undisclosed round of $98.2M announced in Sep 2024.
When did Ascend Elements last raise funding?
Ascend Elements' most recent funding round on record is an undisclosed round of $98.2M, announced in Sep 2024.
Who founded Ascend Elements?
FundedIQ lists Eric Gratz (Founder) at Ascend Elements.
Who is the CEO of Ascend Elements?
Mike O'kronley is listed as CEO at Ascend Elements.
Where is Ascend Elements headquartered?
Ascend Elements is based in Westborough, Massachusetts, United States.
How many employees does Ascend Elements have?
Ascend Elements is in the 251-500 employee band.
How does Ascend Elements' funding compare to other Energy startups?
Ascend Elements' latest round of $98.2M is above the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.
About FundedIQ's Ascend Elements Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Ascend Elements is left off this page rather than filled in.
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