Ascend Elements

Westborough, MA · Founded 2015 · Privately Held (backing)

Manufacturer of battery materials intended to improve performance, reduce cost, and enhance efficiency. Ascend Elements is based in Westborough, MA and was founded in 2015. It was valued at $1.6 billion at its later-stage round in Feb 2024, the last priced event on record. It has raised $878 million across 3 recorded rounds; the latest was a $460 million later-stage round in Aug 2023.

PMV mark · valuation
$1.6B
Oct 2026
Priced at
its later-stage round
Feb 2024
Total raised
$878.5M
Last round
Later Stage VC
Aug 2023

Who backs Ascend Elements?

41 investors
InvestorType
Alumni VenturesVenture capital
US National Science FoundationOther
MassChallenge—
U.S. Department of EnergyOther
Temasek HoldingsOther
Mirae Asset CapitalVenture capital
Fifth WallVenture capital
MassVenturesOther
Qatar Investment AuthorityAsset manager
Foothill VenturesVenture capital
+ 31 more investors · a free account shows the complete list
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Ascend Elements investors

41 investors are on record for Ascend Elements, including Alumni Ventures, US National Science Foundation, MassChallenge and U.S. Department of Energy. By type, the record holds 9 venture capital firms and 3 asset managers. The later-stage round in Aug 2023 drew 19 investors.

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