Tech Company Financing Transactions

Ascend Elements Funding Round

Fifth Wall Ventures, At One Ventures and Doral Energy-Tech Ventures invested in a $300 million capital raise for Ascend Elements. The financing round was announced on 10/26/2022.

Transaction Overview

Company Name
Announced On
10/26/2022
Transaction Type
Debt
Venture Equity
Amount
$300,000,000
Round
Undisclosed
Proceeds Purpose
This funding, along with the grants, will accelerate commercialization of Ascend Elements' innovative and proprietary Hydro-to-Cathode´┐Ż direct precursor synthesis process, which establishes a closed-loop, EV battery materials supply chain in North America.

Company Information

Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
133 Flanders Rd
Westborough, MA 01581
USA
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´┐Ż 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
Ascend Elements LinkedIn Company Profile
Social Media
Ascend Elements Company Twitter Account
Company News
Ascend Elements News
Facebook
Ascend Elements on Facebook
YouTube
Ascend Elements on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Mike O'Kronley
  Mike O'Kronley LinkedIn Profile  Mike O'Kronley Twitter Account  Mike O'Kronley News  Mike O'Kronley on Facebook
Chief Financial Officer
Andrew Aberdale
  Andrew Aberdale LinkedIn Profile  Andrew Aberdale Twitter Account  Andrew Aberdale News  Andrew Aberdale on Facebook
Chief Operating Officer
Daniel Russell
  Daniel Russell LinkedIn Profile  Daniel Russell Twitter Account  Daniel Russell News  Daniel Russell on Facebook
Chief Technical Officer
Eric Gratz
  Eric Gratz LinkedIn Profile  Eric Gratz Twitter Account  Eric Gratz News  Eric Gratz on Facebook


 

 

Browse more venture capital transactions:

Prev: 10/26/2022: SwiftConnect venture capital transaction
Next: 10/26/2022: SiMa.ai venture capital transaction

 

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About Our VC Transactions Data

We do our best to report on tech company VC transactions. VC investment data records reported here are sourced from publicly available VC deal announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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