Lithium-battery recycler producing cathode active materials
Founders
Yan Wang(China · ♂)— A WPI professor whose lab developed the patented Hydro-to-Cathode lithium-ion battery recycling process; he co-founded the company (originally Battery Resourcers) in 2015 to commercialize recovering critical battery metals from spent batteries.
Eric Gratz(United States · ♂)— Earned his Ph.D. at WPI working on the Hydro-to-Cathode recycling technology and co-founded Ascend Elements as CTO to turn that research into a domestic battery-materials supply chain.
Diran Apelian(United States · ♂)— A WPI metallurgy professor who initiated the battery-recycling research with Wang in 2011, he co-founded the company (originally Battery Resourcers) and served as board chair.
Funding history
Date
Round
Amount
Sep 2023
Series D Plus
US battery recycler Ascend Elements raised a 542M dollar Series D led by Decarbonization Partners.
$542M
Investors
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