Ascend Elements - About the company
Ascend Elements is a series D company based in Westborough (United States), founded in 2015 by Yan Wang, Diran Apelian, Eric Gratz and Eric Gratz. It operates as a Manufacturer of engineered materials from recycled lithium-ion batteries and battery scrap. Ascend Elements has raised $1.1B in funding from investors like Qatar Investment Authority, BlackRock and Temasek, with a current valuation of $10B. The company has 151 active competitors, including 56 funded and 15 that have exited. Its top competitors include companies like Lohum, Attero and MiniMines.
Sectors and market segments that Ascend Elements operate in
Ascend Elements serves in the Energy Tech, Environment Tech, Sustainability Tech market segments.The primary business model of Ascend Elements are:Company Details
Manufacturer of engineered materials from recycled lithium-ion batteries and battery scrap. The company utilizes a direct precursor synthesis process to transform discarded batteries and manufacturing scrap into active cathode battery material. This process recovers critical elements for reuse in lithium-ion battery manufacturing. The company provides logistics, material-tracking, and customer support services.
- Website
- ascendelements.com
- Social
- Email ID
- *****@ascendelements.com
- Phone Number
- +1 **********
Key Metrics
Founded Year
2015
Location
Westborough, United States
Stage
Series D
Total Funding
$1.1B in 13 rounds
Latest Funding Round
Post Money Valuation
$10B as on Apr 09, 2026
Investors
Ranked
18th among 151 active competitors
Employee Count
110 as on Sep 30, 2026
Similar Companies
Legal entities associated with Ascend Elements
Ascend Elements is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
AVSF - Ascend Elements 2023, LLC CIN: 1973942 , United States, Active | $1 - $1M (As on Apr 20, 2023) | - | - | |
ASCEND ELEMENTS, INC. CIN: 6363103 , United States, Active | Mar 27, 2017 | - | 262 (As on Dec 31, 2024) | - |
ASCEND ELEMENTS, INC. CIN: 82-2222893 , United States, Active | Mar 26, 2017 | - | 87 (As on Dec 31, 2022) | - |
Sign up to download Ascend Elements' company profile
Ascend Elements's funding and investors
Ascend Elements has raised a total funding of $1.1B over 13 rounds. Its first funding round was on Nov 02, 2016. Its latest funding round was a Grant (prize money) round on Feb 27, 2025 for an undisclosed amount. 1 investor participated in its latest round. Ascend Elements has 33 institutional investors.
Here is the list of recent funding rounds of Ascend Elements:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 27, 2025 | Undisclosed | Grant (prize money) | - | - | - | |
Feb 20, 2024 | $162M | Series D | - | - | ||
Sep 06, 2023 | $460M | Series D | - | - |
Access funding benchmarks and valuations. Sign up today!View details of Ascend Elements's funding rounds and investors
Ascend Elements' founders and board of directors
Founder? Claim ProfileHere are the details of Ascend Elements' key team members:
- Yan Wang: Co-Founder of Ascend Elements. They serve on the board of 1 company.
- Diran Apelian: Co-Founder of Ascend Elements.
- Eric Gratz: Co-Founder & CTO of Ascend Elements and founder of 1 other company. Contact Info: 2 email addresses
- Eric Gratz: Co-Founder and Chief Technical Officer of Ascend Elements.
Ascend Elements' Board of Directors
Ascend Elements's board has 1 active member. Michael Collins is independent board member.Here is the list of Ascend Elements' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 3y 5m |
View details of Ascend Elements's Founder profiles and Board Members
Ascend Elements' employee count trend
Ascend Elements has 110 employees as of Sep 26. Here is Ascend Elements's employee count trend over the years:
Uncover Ascend Elements' growth story! Sign up today!
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
Ascend Elements's Competitors and alternates
Top competitors of Ascend Elements include Lohum, Attero and MiniMines. Here is the list of Top 10 competitors of Ascend Elements, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Sustainable critical minerals and advanced materials producer | $135M | 76/100 | ||
2nd | Provider of e-waste and lithium-ion battery recycling solutions | $49.2M | 72/100 | ||
3rd | Provider of lithium-ion battery recycling and commodity extraction clean-tech solutions | $5.85M | 66/100 | ||
4th | Recyclekaro 2010, Navi Mumbai (India), Series A | Manufacturer of recycled metals and provider of electronic waste and battery recycling services | $21.8M | 65/100 | |
5th | Mangrove Lithium 2013, Delta (Canada), Series B | Developer of modular scalable lithium refining technology for battery‑grade production | $46.5M | 64/100 | |
6th | Provider of sustainable battery recycling and recycled raw materials | $71.5M | 63/100 | ||
7th |  SiTration 2020, Cambridge (United States), Seed | Provider of battery recycling solutions | $17.4M | 63/100 | |
8th | BatX Energies 2020, Gurugram (India), Series A | Provider of lithium-ion battery recycling and critical mineral recovery services | $18.6M | 62/100 | |
9th |  Aqua Metals 2013, Reno (United States), Public | Provider of battery recycling solutions | $6M | 62/100 | |
10th | _1579662069132.png?devicePixelRatio=2&height=30&width=30){kind=logo} Anaphite 2016, Bristol (United Kingdom), Series A | Developer of dry coating precursor technology for battery electrode manufacturing | $22.6M | 62/100 | |
18th |  Ascend Elements 2015, Westborough (United States), Series D | Manufacturer of engineered materials from recycled lithium-ion batteries and battery scrap | $1.1B | 56/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Ascend Elements's competitors? Click here to see the top ones
Ascend Elements's Investments and acquisitions
Ascend Elements has made no investments or acquisitions yet.
Reports related to Ascend Elements
Here is the latest report on Ascend Elements's sector:
News related to Ascend Elements
Filter this listMedia has covered Ascend Elements for a total of 7 events in the last 1 year, 4 of them have been about company updates.
•
Turner-Kokosing Joint Venture Wins Kentucky Battery Recycling Plant in Chapter 11 AuctionIndustrial Info Resources•Jun 16, 2026•Ascend Elements
•
Battery Recycler with Plant East of Atlanta Files for BankruptcyMetro Atlanta CEO•Apr 13, 2026•Ascend Elements
•
Polish Investment and Trade Agency (PAIH) Names Ascend Elements’ Project Apex 2 Manufacturing Investment of the YearBusiness Wire•Mar 27, 2026•Ascend Elements
•
Ascend Elements Closes 2025 with Strong Business Momentum and Commercial Scale Production of Critical Minerals for Battery ProductionBusiness Wire•Dec 19, 2025•Ascend Elements
•
Ascend Elements announces off-take agreement with Trafigura for lithium carbonateChemengonline•Nov 13, 2025•Ascend Elements, Trafigura
•
DOE cancels $720M in battery, recycling, and insulation manufacturing awardsTechCrunch+•Oct 20, 2025•Anovion, Ascend Elements, LuxWall
•
Ascend Elements and GEM to Explore Battery Recycling and Materials Collaboration in EuropePR Newswire•Sep 17, 2025•GEM, Ascend Elements
•
Ascend Elements produces recycled lithium carbonate from used Li-ion batteries at commercial scaleChemengonline•Sep 05, 2025•Ascend Elements
•
•
Ascend Elements Board of Directors Appoints Seasoned Energy Industry Executive Linh Austin to Serve as President and CEOPR Newswire•Mar 20, 2025•Ascend Elements
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQs about Ascend Elements
Explore our recently published companies
- Hello Syndic - Paris based, 2017 founded, Unfunded company
- Giddaa - Middletown based, 2023 founded, Unfunded company
- Assistive - San Francisco based, 2023 founded, Unfunded company
- Himalayanorganicindia - India based, Unfunded company
- Sierra Technology and Business - Saudi Arabia based, 2023 founded, Unfunded company
- Energy3K - Unfunded company
