Is ascend elements a sustainable battery manufacturer?

WESTBOROUGH, Mass., (September 6, 2023) — Ascend Elements, a U.S.-based manufacturer of sustainable, engineered battery materials for electric vehicles, today announced it has raised $542 million in new equity investments, including $460 million in Series D investments and $82 million of additional investments from earlier this year.

How many investors does ascend elements have?

Ascend Elements has 32 investors including Alumni Ventures and BHP Ventures. How much funding has Ascend Elements raised to date? Ascend Elements has raised . When was the last funding round for Ascend Elements? Ascend Elements closed its last funding round on Sep 6, 2023 from a Series D round. Who are Ascend Elements's competitors?

Is ascend elements growing?

Ascend Elements may be growing as evidenced by a significant capital raise of $542 million to accelerate the production of lithium-ion battery materials. The company is also expanding its operations by building a sustainable cathode precursor and cathode active material manufacturing facility on a 140-acre site in Hopkinsville.

Does ascend elements offer a value proposition?

Ascend Elements' CEO, Mike O'Kronley, said the company offers a different value proposition than others. Ascend Elements wants to lead in the crucial EV-battery-recycling space. The firm just brought in $800 million from a Series C raise and two Department of Energy grants.