Funding and M&A Roundup: Ascend Elements Secures $300 Million in Funding
Xurya Daya Raises $33 Million in Series A Funding
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Ascend Elements, a provider of closed-loop battery materials solutions, raised $300 million in equity and debt financing. The funding round includes $200 million in Series C equity investments led by Fifth Wall Climate and joined by SK ecoplant. Other new investors include Oman Investment Authority, Lithium Americas Corporation, GLy Capital Management’s New Mobility Fund, Mirae Asset Capital & LS, and Shinhan GIB.
