Tech Company Financing Transactions
Ascend Elements Funding Round
Decarbonization Partners, Alliance Resource Partners and Alumni Ventures joined a $542 million Series D capital raise for Ascend Elements. The funding round was announced by the company on 9/6/2023.
Transaction Overview
Company Name
Announced On
9/6/2023
Transaction Type
Venture Equity
Amount
$542,000,000
Round
Series D
Investors
Proceeds Purpose
Ascend Elements will use the proceeds to build the United States' first commercial-scale, NMC cathode precursor (pCAM) and cathode active material (CAM) manufacturing facility in Kentucky.
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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