Ascend Elements, founded in 2015, is a company that strives to develop advanced technology producing essential materials that manufacturers use to create batteries used in electric vehicles. The company aims to create those materials by taking lithium-ion batteries and manufacturing waste through its Hydro-to-CathodeⓇ direct precursor synthesis process. Ascend Elements is headquarterd in Westborough, Massachusetts.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
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02/20/2024 | Series D | $657.9MM | $xx.xx | $1.62B | 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, Just Climate, Clearvision Ventures, IRONGREY | |
Price per Share
$xx.xx
Shares Outstanding
61,778,604
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
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, Just Climate, Clearvision Ventures, IRONGREY
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10/26/2022 | Series C-2 | $60MM | $xx.xx | $725.52MM | Fifth Wall Climate, SK Group, Oman Investment Authority, Lithium Americas Corporation, GLy Capital Management, Mirae Asset Capital & LS, Shinhan GIB, Hitachi Ventures, InMotion Ventures, TDK Ventures, Orbia Ventures, At One Ventures, TRUMPF Venture, Doral Energy-Tech Ventures | |
Price per Share
$xx.xx
Shares Outstanding
6,446,731
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Fifth Wall Climate, SK Group, Oman Investment Authority, Lithium Americas Corporation, GLy Capital Management, Mirae Asset Capital & LS, Shinhan GIB, Hitachi Ventures, InMotion Ventures, TDK Ventures, Orbia Ventures, At One Ventures, TRUMPF Venture, Doral Energy-Tech Ventures
|
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10/26/2022 | Series C-1 | $150MM | $xx.xx | $725.52MM | Fifth Wall Climate, SK Group, Oman Investment Authority, Lithium Americas Corporation, GLy Capital Management, Mirae Asset Capital & LS, Shinhan GIB, Hitachi Ventures, InMotion Ventures, TDK Ventures, Orbia Ventures, At One Ventures, TRUMPF Venture, Doral Energy-Tech Ventures | |
Price per Share
$xx.xx
Shares Outstanding
24,175,240
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Fifth Wall Climate, SK Group, Oman Investment Authority, Lithium Americas Corporation, GLy Capital Management, Mirae Asset Capital & LS, Shinhan GIB, Hitachi Ventures, InMotion Ventures, TDK Ventures, Orbia Ventures, At One Ventures, TRUMPF Venture, Doral Energy-Tech Ventures
|
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09/21/2021 | Series C-1SHDW | $32.11MM | $xx.xx | $121.54MM | Hitachi Ventures, Orbia Ventures, InMotion Ventures, Doral Energy, At One Ventures, TDK Ventures, Trumpf Ventures | |
Price per Share
$xx.xx
Shares Outstanding
12,732,091
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Hitachi Ventures, Orbia Ventures, InMotion Ventures, Doral Energy, At One Ventures, TDK Ventures, Trumpf Ventures
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04/12/2021 | Series B | $22.62MM | $xx.xx | $55.16MM | Orbia Ventures, At One Ventures, TDK Ventures, TRUMPF Venture, Doral Energy-Tech Ventures, InMotion Ventures | |
Price per Share
$xx.xx
Shares Outstanding
13,541,003
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Orbia Ventures, At One Ventures, TDK Ventures, TRUMPF Venture, Doral Energy-Tech Ventures, InMotion Ventures
|
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03/15/2020 | Series A | $1.56MM | $xx.xx | $5.2MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
2,970,950
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|