Decarbonization Partners, Temasek, and QIA led a $542m Series D round in Ascend Elements.

Decarbonization Partners, Temasek, and QIA led a $542m Series D round in Ascend Elements, a manufacturer of sustainable, engineered battery materials for electric vehicles, with participation from Tenaska, Alliance Resource Partners, PULSE - CMA CGM Energy Fund, BHP Ventures, Fifth Wall, Hitachi Ventures, Mirae Asset, At One Ventures, Agave Partners, Alumni Ventures and other leading global investors. "I'd like to thank our new and existing partners for helping us deliver on our vision of producing sustainable, engineered battery materials at a commercial scale. Our sustainable lithium-ion battery materials will power EV batteries and accelerate the global transition to zero carbon emissions. Together, we are investing in North America's critical EV battery infrastructure and bringing good manufacturing jobs back to the United States," Mike O'Kronley, Ascend Elements CEO.