Ascend Elements raises $200 million to recycle EV batteries

Norge Nyheter Nyheter

Ascend Elements raises $200 million to recycle EV batteries
Norge Siste Nytt,Norge Overskrifter
  • 📰 axios
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 63%

Ascend Elements, a Westborough, Mass.-based lithium-ion battery recycler, raised $200 million in Series C funding led by Fifth Wall Climate.

Battery supply chains already are under strain from raw material shortages, and the Inflation Reduction Act tied EV tax credits to raw materials sourcing.include SK Ecoplant, Oman Investment Authority, Lithium Americas, GLy Capital Management, Mirae Asset Capital, Shinhan GIB and insiders Hitachi Ventures, InMotion Ventures, TDK Ventures, Orbia Ventures, At One Ventures, TRUMPF Venture, and Doral Energy-Tech Ventures.

Ascend also secured $100 million in debt, and recently received $480 million via two Energy Department grants.

Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

axios /  🏆 302. in US

Norge Siste Nytt, Norge Overskrifter



Render Time: 2025-03-12 19:37:37