Ascend Elements Current · Verified less than 14 days ago · Last verified: Oct 19, 2026

Ascend Elements: $4.8B valuation, IPO Readiness 52, Series I. Ascend Elements is the battery recycling and materials company building the domestic supply chain for critical. Track live on The IPO Stack.

Series IClimate & Energyprivate
52
/100
IPO Readiness Score
Grade D — Early Stage
TechStackIPO proprietary score based on funding scale, valuation, stage progression & momentum.
Track Ascend Elements →

Ascend Elements is the battery recycling and materials company building the domestic supply chain for critical battery materials, converting spent lithium-ion batteries into new cathode materials using hydrometallurgical processing. Valued at 1B USD with 700M raised, Ascend operates the largest lithium-ion battery recycling facility in North America. Major energytech IPO candidate as domestic battery supply chains become critical for US EV manufacturing and grid storage.

Valuation
$4.8B
Total Funding
$2.1B
Stage
Series I
Sector
Climate & Energy
Headquarters
Westborough, MA
CEO
Michael O'Kronley
IPO Status
private

Funding History

June 2019
Series A
$9M
September 2021
Series B
$50M
September 2022
Series C
$200M
June 2026
Series E
$300M
July 2026
Series F
$450M
July 2026
Series G
$300M
July 2026
Series H
$400M
August 2026
Series I
$300M
The IPO Stack Newsletter

Get Tuesday's IPO moves + one deep-dive in your inbox

Scores, valuations, and IPO signals for the companies that matter. 5-minute read, every Tuesday.

🚀

2026 IPO Watchlist

Top companies most likely to IPO in 2026, ranked by IPO Readiness Score.

Canva
$42B · Design & Creative
88
Readiness
Shein
$30-50B · E-Commerce
87
Readiness
Faire
$12.4B · E-commerce
84
Readiness
Abnormal Security
$5.1B · Cybersecurity
83
Readiness
Brex
$12.3B · Fintech
82
Readiness
Hugging Face
$20.0B · Artificial Intelligence
82
Readiness
Miro
$17.5B · Enterprise Software
82
Readiness
Rapyd
$18.2B · Fintech
82
Readiness

Related Analysis

📊 IPO Readiness Stack 🏭 Climate & Energy Sector ⚖️ vs Canva ⚖️ vs Shein 📈 IPO Pipeline

Track Ascend Elements IPO timeline, funding rounds, investor activity, and valuation on TechStackIPO — the pre-IPO intelligence platform.

Frequently Asked Questions

When is Ascend Elements going public? +

Ascend Elements has not publicly announced IPO plans. Track TechStackIPO for the latest signals and subscribe to The IPO Stack for weekly updates.

What is Ascend Elements's current valuation? +

Ascend Elements is valued at $4.8B as of September 2022. This valuation is based on its most recent private funding round tracked by TechStackIPO.

How can I invest in Ascend Elements before IPO? +

Accredited investors can access Ascend Elements shares through secondary market platforms, pre-IPO investment funds, and broker-dealer platforms that facilitate private company transactions. TechStackIPO's marketplace tracks available access options. Note: pre-IPO investments carry higher risk and limited liquidity compared to public market investing.

What is Ascend Elements's IPO Readiness Score? +

Ascend Elements scores 52/100 (Grade: D) on TechStackIPO's IPO Readiness Index. The score evaluates funding scale, valuation trajectory, funding momentum, stage progression, and company maturity. Scores above 70 indicate strong near-term IPO potential.

How much total funding has Ascend Elements raised? +

Ascend Elements has raised $2.1B in total venture capital and private equity funding, with backing from Closed Loop Partners, TDK Ventures, Fifth Wall.

Who are Ascend Elements's key investors? +

Ascend Elements's notable investors include Closed Loop Partners, TDK Ventures, Fifth Wall, Decarbonization Partners, Clearvision Ventures. Full investor details, funding round history, and lead investor breakdowns are available on TechStackIPO.

What sector is Ascend Elements in? +

Ascend Elements is a Climate & Energy company. Ascend Elements is the battery recycling and materials company building the domestic supply chain for critical battery m.

Full access — $49/mo