Ascend Elements, a U.S.-based manufacturer of sustainable, engineered battery materials for electric vehicles, has raised $542 million in new equity investments, including $460 million in Series D investments and $82 million of additional investments from earlier this year.

Ascend Elements' Series D round was led by Decarbonization Partners, Singapore-based investment firm Temasek, and Qatar Investment Authority (QIA). Other investors include 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.