InMotion portfolio company Ascend Elements pulls in $800 million in funding. Here’s why investors are betting on it to beat out rivals like Redwood Materials.

InMotion portfolio company Ascend Elements pulls in $800 million in funding. Here’s why investors are betting on it to beat out rivals like Redwood Materials.

The burgeoning battery-recycling startup Ascend Elements is sitting on a fresh $800 million — and its CEO plans to spend it on beating out rivals like Redwood Materials. Founded in 2015 in Westborough, Massachusetts, Ascend Elements says its tech can get car companies and their battery-makers the materials they need at a lower cost and in a more sustainable way than those made with metals just pulled from the earth. …

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