Funding Influx for Local Climate Tech Companies
Climate tech startup secures funding to accelerate lithium-ion battery recycling factory
Westborough-based Ascend Elements recently secured $542 million in venture investment. This substantial infusion of capital aims to accelerate the development of a colossal lithium-ion battery recycling factory in Kentucky. Simultaneously, another Massachusetts cleantech pioneer, Boston Metal, marked a significant milestone with $262 million in new funding, further propelling its mission to revolutionize steel production by transitioning from coal to electricity. These impressive funding rounds underscore the enduring strength of the VC financing landscape for well-established climate tech startups, particularly within the local ecosystem. Read the full story by Boston Globe’s Hiawatha Bray
