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Valuation

$1.7B

2024 Revenue

$169.4M

Funding

$1B

Team

172

Founded

2015

How Ascend Elements CEO Linh Austin grew Ascend Elements to $169.4M revenue with a 172 person team in 2024.

Ascend Elements manufactures advanced battery materials using valuable elements reclaimed from discarded lithium-ion batteries. It is focused on creating a domestic supply of critical minerals through urban mining and innovative recycling processes.

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Ascend Elements Revenue

In 2024, Ascend Elements's revenue reached $169.4M. Since its launch in 2015, Ascend Elements has shown consistent revenue growth.

Ascend Elements Revenue GrowthReported revenue / ARR by year$0$40M$80M$120M$160M$200M201520172019202120232024$0$169MSource: GetLatka.com
YearMilestone
2024Ascend Elements Hit $169.4m revenue in December 2024
2015Launched with $0 revenue

Ascend Elements Valuation, Funding Rounds

Ascend Elements reached a $1.7B valuation in 2023, set during its None round.

Ascend Elements has raised $1B in total funding across 4 rounds, most recently a $162M None round in 2023.

Ascend Elements Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$400M$800M$1B$2B$2B2015201620172018201920202021202220232015 cumulative: $0 • 2015 Founded: $02023 cumulative: $300M • 2015 Founded: $0 • 2023 None: $300M2023 cumulative: $325M • 2015 Founded: $0 • 2023 None: $300M • 2023 None: $25M2023 cumulative: $867M • 2015 Founded: $0 • 2023 None: $300M • 2023 None: $25M • 2023 None: $542M @ $2B valuation2023 cumulative: $1B • 2015 Founded: $0 • 2023 None: $300M • 2023 None: $25M • 2023 None: $542M @ $2B valuation • 2023 None: $162M$1B2015 Founded: $0 valuation2023 None: $2B valuation$2BSource: GetLatka.com
YearRoundAmountValuation% Sold
2023None$542M$1.7B32%
2023None$162M--
2023None$300M--
2023None$25M--

Ascend Elements Employees & Team Size

Ascend Elements employs approximately 172 people as of 2026.

Ascend Elements has 172 total employees in different roles and functions.

Ascend Elements Team GrowthReported headcount over time0408012016020020152017201920212023202500172172Source: GetLatka.com
YearMilestone
2025Reached 172 employees (November 2025)

Founder / CEO

Linh Austin

Linh Austin is listed as Founder / CEO at Ascend Elements.

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Customers

We do not have customer count information for Ascend Elements yet.

Frequently Asked Questions about Ascend Elements

What is Ascend Elements's revenue?

Ascend Elements generates $169.4M in revenue.

Who founded Ascend Elements?

Ascend Elements was founded by Linh Austin.

Who is the CEO of Ascend Elements?

The CEO of Ascend Elements is Linh Austin.

How much funding does Ascend Elements have?

Ascend Elements raised $1B.

How many employees does Ascend Elements have?

Ascend Elements has 172 employees.

Where is Ascend Elements headquarters?

Ascend Elements is headquartered in Westborough, Massachusetts, United States.

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Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .

Ascend Elements Revenue 2024: $169.4M ARR, $1.7B Valuation