07
Sep
10:48
Ascend Elements raises $542m to boost LIB material production
US's battey recycler Ascend Elements has raised $542 million in new equity investments, including $460m in Series D and $82m of additional investments from earlier this year.
Decarbonization Partners, Singapore-based investment firm Temasek and Qatar Investment Authority led the Series D round. Tenaska, BHP Ventures, Hitachi Ventures and other global investors participated in the fundraising, Kallanish learns from Ascend Elements.
The US firm will use t…
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