Funding Details
- Awarder
- SemiNews
- Date Award
- September 06, 2023
- Vertical
- Battery Materials
- Funding URL
- View Funding Page
Company Info
- Traction
- Ascend Elements has achieved significant milestones including signing commercial contracts, starting construction of manufacturing facilities, and securing U.S. Department of Energy grants. They have signed a $1 billion contract to supply sustainable pCAM starting in Q4 2024 and have begun construction of their Apex 1 facility in Kentucky.
- Organizations Involved
- Decarbonization Partners, Temasek, Qatar Investment Authority, U.S. Department of Energy
- Founders
- Mike O’Kronley
- Company Description
- Ascend Elements is a U.S.-based manufacturer of sustainable, engineered battery materials for electric vehicles. They are focused on producing sustainable lithium-ion battery materials to power EV batteries and accelerate the global transition to zero carbon emissions. Ascend Elements is investing in North America's critical EV battery infrastructure and bringing manufacturing jobs back to the United States.
- Market
- Electric Vehicles
- Location
-
Westborough,
MA,
US
- Coinvestors
- Decarbonization Partners, Temasek, Qatar Investment Authority, Tenaska, Alliance Resource Partners, PULSE - CMA CGM Energy Fund, BHP Ventures, Fifth Wall, Hitachi Ventures, Mirae Asset, At One Ventures, Agave Partners, Alumni Ventures
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