Ascend Elements

Ascend Elements is a U.S.-based company focused on sustainable solutions for lithium-ion battery materials. Founded in 2015 and rebranded in 2022, the company is headquartered in Westborough, Massachusetts. It specializes in recycling spent lithium-ion batteries and manufacturing advanced battery materials using reclaimed elements. Their proprietary Hydro-to-Cathode® technology efficiently converts battery waste into high-performance cathode materials, significantly reducing greenhouse gas emissions and promoting a closed-loop battery economy. The company operates several facilities across the U.S., including a commercial-scale recycling facility in Covington, Georgia, and a cathode production facility in Novi, Michigan. Ascend Elements is committed to serving lithium-ion battery manufacturers and end users by providing engineered materials that enhance battery performance and sustainability. They collaborate with industry partners to integrate recycled materials into their products, supporting a domestic supply chain for lithium-ion batteries in North America and Europe.

Renewables & Environment Westborough, United States Founded 2015 ~180 employees Private · Series D

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Employees
180
-3.7% in the 3 months to Jun 2025
Revenue / employee
$193K
Revenue ~$34.7M
Total funding
$1.6B
Last round Series D, Feb 2024
12-month attrition
25.2%
Tech: 20%
H1B filings, FY2026
1
Sponsors visas

Headcount trend

Ascend Elements went from 170 employees in Jul 2023 to 180 in Jun 2025. Jan to Jun 2025: 10 people joined, 31 left.

Headcount data through Jun 2025

Org structure

Headcount by department

Other94
Engineering50
Sales10
Operations10
Finance8
HR4
Marketing3
Product1

H-1B sponsorship

H-1B Sponsorship Limited
H-1B Filings by Department
Engineering19
Finance2
Marketing2

The department split adds up all the years listed above. FY2026 alone: 1 filings.

Funding

  • Feb 2024 · Series D · $162M · Just Climate, Clearvision Ventures
  • Sep 2023 · Series D · $460M · Temasek, Qatar Investment Authority, Tenaska
  • Dec 2022 · Debt Financing · $80M
  • Oct 2022 · $480M · Department of Energy
  • Oct 2022 · $100M · Fifth Wall Climate, SK ecoplant, Oman Investment Authority
  • Oct 2022 · Series C · $200M · Fifth Wall Climate, SK ecoplant, Oman Investment Authority
  • Sep 2021 · Series B · $70M · Jaguar Land Rover’s InMotion Ventures, Doral Energy, One Ventures
  • Aug 2021 · $30M
  • Apr 2021 · Series B · $20M · At One Ventures, TDK Ventures, InMotion Ventures

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Ascend Elements FAQ

How many employees does Ascend Elements have?

Ascend Elements has about 180 employees, down 3.7% over the 3 months to Jun 2025.

Does Ascend Elements sponsor H1B visas?

Yes. Ascend Elements filed 1 H1B (LCA) application in FY2026, according to the latest U.S. Department of Labor disclosures. It was for a Finance role.

What is Ascend Elements's revenue per employee?

Ascend Elements makes about $193K in revenue per employee, based on $34.7M annual revenue and 180 employees.

How much funding has Ascend Elements raised?

Ascend Elements has raised $1.6B in total funding; its latest round was Series D in Feb 2024.

Data from Company Prospectus, DOL LCA disclosures, WARN notices and 6figr salary profiles.