Dan Primack of Axios reports that Ascend Elements has raised $200 million.
- Ascend Elements uses a novel process to upcycle materials from old batteries and turn them into new batteries.
- The Massachusetts-based startup claims that its system leads to a 98% recovery rate and a 90% reduction in greenhouse gas emissions, versus new battery production.
- The funding round was led by Fifth Wall Climate and included investors like SK Ecoplant.
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