Ascend Elements, founded in 2015 and based in Westborough, Massachusetts, has raised a total of $1.1 billion in funding, reaching a valuation between $1.37 billion and $1.65 billion. The company secured $460 million in Series D (September 2023) led by BlackRock, Temasek, and Qatar Investment Authority, followed by $162 million in Series D (February 2024) led by Just Climate and Clearvision Ventures, plus a $481 million grant from OSTI. Ascend Elements recycles lithium-ion batteries into high-performance materials, advancing sustainable energy and circular economy innovation.