Battery recycler Ascend Elements files for bankruptcy
Ascend Elements said that it will be filing for Chapter 11 bankruptcy in the wake of a canceled government grant and a challenging market for lithium-ion batteries.
bankruptcy
From Roombas to e-bikes, why are hardware startups going bankrupt?
The hardware world had a brutal week, with iRobot, Luminar, and Rad Power Bikes all filing for bankruptcy. Each company faces its own mix of tariff pressures, supply chain issues, and shifting markets, but together they tell a larger story about the challenges of building physical products in an era of global trade tensions and cheap overseas competition. From […]
Natron’s liquidation shows why the US isn’t ready to make its own batteries
The sodium-ion battery startup went from announcing a $1.4 billion factory to filing for liquidation in just over a year. Natron’s troubled journey illustrates the challenges in making batteries in the U.S.