Ascend Elements, Inc.
Classification
Private
About
About
Ascend Elements is a sustainable battery materials company delivering closed-loop solutions from EV battery recycling to engineered cathode precursor (pCAM) production. Leveraging its Hydro-to-Cathode direct precursor synthesis technology, Ascend Elements transforms spent lithium-ion batteries into high-purity lithium carbonate and cathode materials with significantly reduced greenhouse gas emissions. Product Breakdown Ascend Elements offers a vertically integrated suite of products and services: Battery Recycling & Raw Recovery: Through its recycling facility in Covington, GA, the company processes up to 30,000 metric tons of end-of-life batteries annually, efficiently recovering critical metals such as lithium, nickel, cobalt, and manganese into usable feedstocks. Lithium Carbonate: Produced from recycled sources with >99% purity for use in lithium-ion battery manufacturing lines. Cathode Precursor / Active Materials (pCAM/CAM): Engineered cathode materials derived from spent batteries using Hydro-to-Cathode synthesis, enabling cleaner and more efficient EV battery manufacturing. These materials are tailored to OEM specifications and are supplied at commercial scale. Sustainability Compliance & Lifecycle Services: Environmental lifecycle assessments showcase up to a ~49% carbon emissions reduction compared to traditional cathode manufacturing; the company maintains rigorous sustainability frameworks and reporting standards.
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
Keywords
Keywords
Classified
Private