Ascend Elements, a battery recycling company, secured an additional $162 million in its Series D round, bringing the total to $704 million. This funding values the company at $1.6 billion post-money, establishing it as a unicorn in the increasingly competitive market for recyclable battery materials.

Ascend Elements specialises in developing advanced recycling technologies for lithium-ion batteries. The company’s innovative processes allow for the recovery of valuable materials from used batteries, contributing to a more sustainable and circular economy for the rapidly growing electric vehicle and energy storage sectors.

Additional reading: Yahoo Finance https://finance.yahoo.com/news/ascend-elements-raises-additional-162-130000351.html