Funding and M&A Roundup: Ascend Elements Raises $162 Million
Vena Energy secures $600 million loan to boost renewable projects in APAC
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Ascend Elements, a lithium-ion battery recycling and engineered materials company announced it has raised $162 million in new equity investments. Major investors include Just Climate, Clearvision Ventures, and IRONGREY. The new funding will advance the construction of Ascend Elements’ Apex 1 facility in Hopkinsville, Kentucky, which will produce sustainable cathode precursor (pCAM) and is expected to open in early 2025.
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