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The phrase "and is ongoing" is correct and usable in written English.
It can be used to indicate that an action or situation is currently continuing or has not yet been completed.
Example: "The project was initiated last year and is ongoing, with updates expected every month."
Alternatives: "and continues" or "and remains in progress".
Exact(60)
The five-year grant review began in April and is ongoing.
Enriching the soil took several years, but the composition of the garden has taken forty, and is ongoing.
The work on tools for extracting information from links between people (the social graph) has been amazingly fruitful, and is ongoing.
This process started in the US after the housing bust, then spread to Europe, and is ongoing in emerging markets that spent the past decade on a borrowing binge.
It also noted that because the states had been required to spend state and local money to meet requirements of the federal law, their "injury has already occurred and is ongoing".
Patient enrollment has begun and is ongoing.
Recruitment started in January 2015 and is ongoing.
Further investigation is required before early adoption and is ongoing.
However, after a time, the successful Muslim-Christian dialogue, "A Common Word" was established, and is ongoing.
Development of TAS has been directed largely by feedback provided by the user community and is ongoing.
The shift to agricultural systems involving no-tillage from those based on multiple cultivations has required decades and is ongoing.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com