
Ascend Elements
Founded Year
2015Stage
Grant - V | AliveTotal Raised
$1.703BLast Raised
$125M | 1 mo agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+126 points in the past 30 days
About Ascend Elements
Ascend Elements specializes in the production of advanced battery materials for the lithium-ion battery industry. The company offers a patented Hydro-to-Cathode process that recycles spent lithium-ion batteries into high-value materials for use in new electric vehicle (EV) batteries, enhancing sustainability within the industry. It primarily serves electric vehicle battery manufacturers and cathode manufacturers. Ascend Elements was formerly known as Battery Resourcers. The company was founded in 2015 and is based in Westborough, Massachusetts.
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Ascend Elements's Product Videos



ESPs containing Ascend Elements
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The electric vehicle (EV) battery recycling market is focused on safely and responsibly recycling used lithium-ion batteries and manufacturing scrap, while also providing a sustainable source of critical battery materials. The market aims to close the loop for the lithium-ion supply chain by recovering critical battery elements from end-of-life batteries or scrap and using them to make new cathode…
Ascend Elements named as Leader among 15 other companies, including ExxonMobil, Contemporary Amperex Technology, and Umicore.
Ascend Elements's Products & Differentiators
Hydro-to-Cathode
Our Hydro-to-Cathode process separates the impurities from Ni, Mn and Co and keeps the valuable critical minerals together which directly are used to make new precursor materials for battery cathodes.
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Research containing Ascend Elements
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Ascend Elements in 2 CB Insights research briefs, most recently on Nov 1, 2023.

Nov 1, 2023 report
State of CVC Q3’23 ReportExpert Collections containing Ascend Elements
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Ascend Elements is included in 2 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,249 items
Energy Storage
5,352 items
Companies in the Energy Storage space, including those developing and manufacturing energy storage solutions such as lithium-ion batteries, solid-state batteries, and related software for battery management.
Ascend Elements Patents
Ascend Elements has filed 17 patents.
The 3 most popular patent topics include:
- lithium-ion batteries
- rechargeable batteries
- battery (electricity)

Application Date | Grant Date | Title | Related Topics | Status |
---|---|---|---|---|
8/2/2022 | 8/27/2024 | Lithium-ion batteries, Rechargeable batteries, Battery electric cars, Electric cars, Battery (electricity) | Grant |
Application Date | 8/2/2022 |
---|---|
Grant Date | 8/27/2024 |
Title | |
Related Topics | Lithium-ion batteries, Rechargeable batteries, Battery electric cars, Electric cars, Battery (electricity) |
Status | Grant |
Latest Ascend Elements News
Oct 16, 2024
| ECOGRAF, Ascend Elements, Inc., Architonic News Provided By Share This Article Graphite Recycling Industry Trends The lithium-ion battery segment accounted for about 40% of the market in 2021 and is expected to grow at a 9.7% CAGR through 2031. WILMINGTON, DE, UNITED STATES, October 16, 2024 / EINPresswire.com / -- The growing demand for recycled graphite in the expanding battery manufacturing industry presents significant opportunities for the global graphite recycling market . Heightened awareness around sustainability has led to increased reliance on renewable energy sources like solar cells and panels. Notably, Asia-Pacific dominated the market in 2021. According to Allied Market Research, the global graphite recycling market was valued at $45.3 million in 2021 and is projected to reach $110.2 million by 2031, growing at a CAGR of 9.3% from 2022 to 2031. This comprehensive report offers detailed insights into market dynamics, key segments, competitive landscape, and regional growth. It provides valuable guidance for investors, industry players, and startups aiming for sustainable growth and a competitive edge. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/32261 Key Market Highlights: - CAGR: 9.3% (2022–2031) - Segments Covered: Source, Form, Application, Region -Drivers: Government support for low-emission vehicles, rising demand for sustainable practices, and increased electric vehicle sales - Opportunities: Growing demand for recycled graphite in battery manufacturing - Restraints: Trade tensions between the U.S. and China Segment Analysis: - Source: The lithium-ion battery segment accounted for about 40% of the market in 2021 and is expected to grow at a 9.7% CAGR through 2031. - Form: Solid chunks dominated the market, holding more than 60% share in 2021, and is anticipated to grow at a 9.5% CAGR. - Application: The battery sector led the market in 2021, contributing over one-third of the total market share and is expected to grow at a 9.7% CAGR. Regional Insights: Asia-Pacific held the largest share (over 40%) of the global market in 2021 and is expected to maintain this dominance with the fastest growth rate (10.0% CAGR) through 2031. Other regions, including North America, Europe, and LAMEA, are also analyzed. Key Players: Leading companies in the graphite recycling market include Graphite Sales, Inc., ECOGRAF, Duesenfeld, Coidan Graphite, Ascend Elements, Weaver Industries, and Elemental Recycling. These players are implementing strategies such as new product development, joint ventures, and regional expansions to strengthen their market presence. This detailed analysis provides valuable insights into the market's current and future trends, helping businesses and investors navigate the competitive landscape and make informed decisions. 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/graphite-recycling-market/purchase-options About Us Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. David Correa
Ascend Elements Frequently Asked Questions (FAQ)
When was Ascend Elements founded?
Ascend Elements was founded in 2015.
Where is Ascend Elements's headquarters?
Ascend Elements's headquarters is located at 133 Flanders Road, Westborough.
What is Ascend Elements's latest funding round?
Ascend Elements's latest funding round is Grant - V.
How much did Ascend Elements raise?
Ascend Elements raised a total of $1.703B.
Who are the investors of Ascend Elements?
Investors of Ascend Elements include U.S. Department of Energy, SK ecoplant, SKS PE, Clearvision Ventures, Just Climate and 30 more.
Who are Ascend Elements's competitors?
Competitors of Ascend Elements include Maple Materials and 6 more.
What products does Ascend Elements offer?
Ascend Elements's products include Hydro-to-Cathode and 1 more.
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Compare Ascend Elements to Competitors

Redwood Materials specializes in creating a sustainable circular supply chain for lithium-ion batteries within the recycling and manufacturing industry. The company's main services include recycling used batteries, refining metals through hydrometallurgical processes, and remanufacturing anode and cathode components for new batteries. Redwood Materials primarily serves the battery manufacturing sector, providing domestically sourced materials to U.S. cell manufacturers. It was founded in 2017 and is based in Carson City, Nevada.
tozero focuses on lithium-ion battery recycling within the environmental services industry. The company offers a sustainable process to recover critical materials such as lithium, nickel, cobalt, manganese, and graphite from all types of lithium-ion batteries, reintroducing them into the supply chain. It primarily serves sectors like eMobility firms, electronic waste recyclers, battery manufacturers, and second-life battery firms. The company was founded in 2022 and is based in Munich, Germany.
Redivivus specializes in lithium-ion battery recycling, focusing on logistics and material recovery in the recycling industry. The company offers services that include neutralizing battery hazards, cryogenic freezing, shredding, and safe transportation of battery materials for recycling. Redivivus targets the recycling challenges faced by various sectors, providing solutions to safely and efficiently handle end-of-life batteries. It was founded in 2020 and is based in Colorado Springs, Colorado.

Green Li-Ion is a lithium-ion battery recycling technology company focused on producing modular hardware solutions for the battery recycling sector. The company's main offerings include converting spent batteries into cathode and anode materials that are ready for integration into the manufacturing processes of various types of batteries. It was founded in 2020 and is based in Singapore, Singapore.
Sylvatex focuses on manufacturing technology within the electric vehicle battery sector. Its main offerings include a proprietary waterless process for producing cathode active material for lithium-ion batteries. The technology is adaptable to various cathode materials, allowing flexibility for battery manufacturers in response to market changes. It was founded in 2012 and is based in Alameda, California.
Austin Elements focuses on critical mineral recycling. It specializes in sustainable recycling processes for lithium-ion batteries and other lithium-containing materials, aiming to reduce waste and promote environmental sustainability. The company primarily serves sectors that require battery-grade, electronic-grade, and pharmaceutical-grade materials. It was founded in 2021 and is based in Houston, Texas.
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