Ascend Elements makes advanced battery materials from recycled lithium-ion batteries. It is based in Westborough, Massachusetts, and has described itself as a closed-loop battery materials solutions provider.
UpMarket does not offer Ascend Elements shares. This page covers the history of Ascend Elements before its bankruptcy filing.
Ascend Elements filed for Chapter 11 on April 9, 2026, and its liquidation plan took effect in September 2026. UpMarket does not offer Ascend Elements shares. This page covers its earlier valuation and funding history.
Ascend Elements filed for Chapter 11 on April 9, 2026; its liquidation plan took effect in September 2026.
See how the private-market valuation of Ascend Elements changed across funding rounds before the bankruptcy filing.
See reported funding rounds and revenue figures on this page, with their sources.
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| Date | Round | PPS (split-adj.) | Valuation |
|---|---|---|---|
| Feb 2024 | Equity financing | ||
| Sep 2023 | Series unspecified |
The company raised $542 million in September 2023 and added another $162 million in February 2024, bringing 12-month equity funding to $704 million. Goldman Sachs acted as sole placement agent on the Series D round, signaling institutional support for expansion.
Ascend Elements says it uses its Hydro-to-Cathode direct precursor synthesis process to make battery materials from spent lithium-ion batteries and manufacturing waste. The company also secured $480.5 million in U.S. Department of Energy grants for materials separation, processing, and component manufacturing.
In October 2022, Kentucky said Ascend Elements’ project had the potential to grow to a $1 billion investment in future phases. The same announcement said the project could create 400 full-time jobs, highlighting a large domestic battery-materials buildout.
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No. Ascend Elements filed for Chapter 11 bankruptcy on April 9, 2026, and its liquidation plan took effect in September 2026. Ascend Elements has no tradable shares, and UpMarket does not offer them.
Ascend Elements has no stock price and no current valuation. The figures on this page are historical private-market valuations from before its bankruptcy filing.
No. Ascend Elements has been liquidated, and UpMarket does not offer its shares. Accredited investors interested in companies that have not yet gone public can review UpMarket's current pre-IPO offerings.
Ascend Elements was liquidated through Chapter 11 and its assets were sold. This page is kept for its historical funding and valuation data. UpMarket does not offer Ascend Elements shares.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
The liquidation plan of Ascend Elements took effect in September 2026. What former shareholders receive, if anything, is set by that plan.
UpMarket does not offer Ascend Elements shares. The minimum for most pre-IPO offerings on UpMarket is $50,000.
UpMarket does not publish an estimate for Ascend Elements. The figures on this page show its valuation history before the bankruptcy filing.
Ascend Elements makes advanced battery materials from recycled lithium-ion batteries and generated $101.7M in 2024 revenue, after raising $704M in 12 months to scale its closed-loop platform. Ascend Elements was liquidated in bankruptcy, and UpMarket does not offer its shares.