Ascend Elements, Inc.

Westborough, Massachusetts

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

Revenue

Valuation

Valuation

Ratios

Revenue / EBITDA
$123 MM
Valuation / Revenue
$123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

People

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone
John DoeEmployee
--
Jane DoeEmployee
John DoeEmployee
John DoeEmployee

401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

Deals

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

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

Target

BrightHealth Technologies

Seller

Early Investors Consortium

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