Companies · Climate / Cleantech
WESTBOROUGH · Climate / Cleantech · refined from filed group “Other Technology” · https://ascendelements.com/
Diligence memoA one-page analyst read on Ascend Elements, Inc. — recommendation, valuation, rhythm, risks.→Ascend Elements, Inc. has raised $693M over 5 rounds; too few niche peers to rank its valuation yet.
Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the climate/enviro sector profile.
Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.
No named principal in this company's public records yet — see all operators below.
Explore how these operators interlock with other companies in the operator network.
Ascend Elements, Inc. is one of 207 Climate / Cleantech companies tracked from WESTBOROUGH. By capital raised it ranks among the largest (ahead of 96% of sector peers), and among the largest by modeled valuation est..
Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.
AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%
operates a technology-led product inferred from public copy
Grounded in: “You are a venture analyst”
Ascend Elements manufactures advanced battery materials using valuable elements reclaimed from discarded lithium-ion batteries. Our patented Hydro-to-Cathode process transforms todays waste into high-value materials for tomorrow's EV batteries a giant step up the entire industry.
Ascend Elements manufactures advanced battery materials using valuable elements reclaimed from discarded lithium-ion batteries. Our patented Hydro-to-Cathode process transforms todays waste into high-value materials for tomorrow's EV batteries a giant step up the entire industry. Ascend Elements manufactures advanced battery materials using valuable elements reclaimed from spent lithium-ion batteries. Our Hydro-to-Cathode® direct cathode precursor (pCAM) synthesis process transforms today’s waste into high value materials for tomorrow’s EV batteries – a major advancement for the entire industry. We are building North America and Europe’s domestic supply of critical minerals through “urban mining” and innovative battery materials technologies – an infrastructure that retains critical minerals in-country for supply chain security. We produce high-performance, engineered battery materials using the valuable elements found in end-of-life batteries and manufacturing scrap. Join us in elevating the performance, security, and reliability of domestic battery materials with the first pCAM production in North America and the first refined pCAM production in Europe. Fast Company ranks Ascend
As reported in public records reported — not modeled.
Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.
The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.
Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 43%.
Round size and date are reported; the stage label is inferred from round size (latest is Growth/Late — a round over $400M). Valuation is modeled from stage benchmarks scaled by the climate/enviro sector profile. Directional, not a quoted figure.
Benchmarked against 207 companies in Climate / Cleantech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.
Raised more than 96% of sector peers (real $). Modeled value above 95% of peers (estimate).
A tighter cohort than the sector chart above — only companies at the same stage (Growth/Late) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.
| Company | Stage | Raised · real | Value · est | vs peer med. |
|---|---|---|---|---|
| Solar Holdco, Inc. | Growth/Late | $1.6B | $18.0B | 1.92× |
| Brave Topco, Inc. | Growth/Late | $690.6M | $12.2B | 1.30× |
| Ascend Elements, Inc. this company | Growth/Late | $692.7M | $6.6B | 0.70× |
| Sila Nanotechnologies, Inc. | Growth/Late | $1.3B | $4.5B | 0.48× |
Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| Series B | $21.4M | 2021-03-17 | $118.6M | $411.4M | 90% |
| Series B | $30.0M | 2021-08-31 | $166.7M | $498.6M | 90% |
| Series B | $27.1M | 2021-08-31 | $150.6M | $450.4M | 90% |
| Series D+ | $101.3M | 2022-07-19 | $844.2M | $1.6B | 90% |
| Series D+ | $80.0M | 2022-12-29 | $666.7M | $1.1B | 90% |
| Growth/Late | $460.1M | 2023-08-22 | $4.6B | $6.6B | 90% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.
Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.
| Person | Role | Also runs | Tied since |
|---|---|---|---|
| Sherwin Prior | — | 5 other | 2021-03 |
| Faysal Sohail | — | 3 other | 2022-12 |
| Laurie Menoud | — | 3 other | 2021-03 |
| Christina Choi | — | 1 other | 2022-12 |
| Eitan Dekel | — | 1 other | 2021-08 |
| Yan Wang | — | 1 other | 2021-03 |
| Andrew Aberdale | — | — | 2021-03 |
| B.K. Ako-Asare | — | — | 2023-08 |
| Diran Apelian | — | — | 2021-03 |
| Kelly Kay | — | — | 2021-08 |
| Michael O'Kronley | — | — | 2021-03 |
Ascend Elements, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.
Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.
| Company | Sector | Stage | Raised · real | Value · est | Why similar |
|---|---|---|---|---|---|
| Brave Topco, Inc. | Climate / Cleantech | Growth/Late | $690.6M | $12.2B | same sector · same stage |
| AIT Group Holdings, LP | Climate / Cleantech | Growth/Late | $699.5M | $15.7B | same sector · same stage |
| Carbon Analytics Holdings LLC | Climate / Cleantech | Growth/Late | $662.5M | $17.2B | same sector · same stage |
| E2open Parent Holdings, Inc. | Climate / Cleantech | Growth/Late | $895.0M | $20.7B | same sector · same stage |
| Samsara Networks Inc. | Climate / Cleantech | Growth/Late | $915.0M | $18.2B | same sector · same stage |
| Mavis Tire Express Services TopCo, L.P. | Climate / Cleantech | Growth/Late | $949.0M | $20.5B | same sector · same stage |
| Solar Topco, Inc. | Climate / Cleantech | Growth/Late | $418.7M | $10.9B | same sector · same stage |
| Sila Nanotechnologies, Inc. | Climate / Cleantech | Growth/Late | $1.3B | $4.5B | same sector · same stage |
Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.
| Company | Sector | Stage | Value · est | Match |
|---|---|---|---|---|
| Ascend Industries, LLC | Manufacturing | Pre-Seed | $7.2M | 77% |
| Surge Battery Metals Inc. | Climate / Cleantech | Pre-Seed | $666K | 76% |
| Battery X Metals Inc. | Climate / Cleantech | Pre-Seed | $210K | 76% |
| Battery Grade Materials, Inc. | Manufacturing | Pre-Seed | $4.6M | 75% |
| Battery Metals, Inc. | Climate / Cleantech | Series A | $18.2M | 75% |
| Maple Materials We turn CO2 into battery-grade graphite and oxygen. | Climate / Cleantech | — | — | 74% |
| Critical Elements Lithium Corp | Mining & Resources | Pre-Seed | $688K | 74% |
| Form Energy, Inc. Form Energy is an American company driving innovation in energy manufacturing and technology to ensure a clean, secure, and reliable electric grid. | Climate / Cleantech | Series D+ | $5.1B | 74% |
See where Ascend Elements, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
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