About Gravitricity
Gravitricity is a company based in Edinburgh (United Kingdom) founded in 2011 by Peter Fraenkel, Charlie Blair, and Martin Wright.. Gravitricity has raised $5.8 million across 9 funding rounds from investors including Gov.uk. The company has 15 employees as of September 30, 2024. Gravitricity offers products and services including GraviStore and H2 FlexiStore. Gravitricity operates in a competitive market with competitors including Energy Vault, Green Gravity, Baud Resources and Terrament, among others.
- Headquarter Edinburgh, United Kingdom
- Employees 15 as on 30 Sep, 2024
- Founders Peter Fraenkel, Charlie Blair, Martin Wright
- Stage Minicorn
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Gravitricity Limited
- Date of Incorporation 28 Oct, 2011
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.8 M (USD)
in 9 rounds
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Latest Funding Round
$820.82 K (USD), Seed
Jun 04, 2024
- Investors
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Employee Count
15
as on Sep 30, 2024
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Products & Services of Gravitricity
Gravitricity offers a comprehensive portfolio of products and services, including GraviStore and H2 FlexiStore. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Underground system using gravity for storing renewable energy.
Geological storage for safe, large-scale hydrogen fuel containment.
Funding Insights of Gravitricity
Gravitricity has successfully raised a total of $5.8M across 9 strategic funding rounds. The most recent funding activity was a Seed round of $820.82 thousand completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Seed — $820,824
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First Round
First Round
(07 Feb 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2024 | Amount | Seed - Gravitricity | Valuation |
investors |
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| May, 2023 | Amount | Seed - Gravitricity | Valuation |
investors |
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| Nov, 2022 | Amount | Grant - Gravitricity | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Gravitricity
Gravitricity has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Gov.uk. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Online government services and information are provided to users.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Gravitricity
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Gravitricity
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Gravitricity Comparisons
Competitors of Gravitricity
Gravitricity operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Energy Vault, Green Gravity, Baud Resources and Terrament, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Hydro-based energy storage systems are provided for power reliability.
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| domain | founded_year | HQ Location |
Gravity-based energy storage solutions are provided using mine shafts.
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| domain | founded_year | HQ Location |
Gravity-based energy storage and green hydrogen systems are developed.
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| domain | founded_year | HQ Location |
Provides comprehensive modular underground gravity storage solutions for various needs.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Gravitricity
Frequently Asked Questions about Gravitricity
When was Gravitricity founded?
Gravitricity was founded in 2011 and raised its 1st funding round 7 years after it was founded.
Where is Gravitricity located?
Gravitricity is headquartered in Edinburgh, United Kingdom. It is registered at Edinburgh, Scotland, United Kingdom.
Is Gravitricity a funded company?
Gravitricity is a funded company, having raised a total of $5.8M across 9 funding rounds to date. The company's 1st funding round was a Grant of $232.03K, raised on Feb 07, 2018.
How many employees does Gravitricity have?
As of Sep 30, 2024, the latest employee count at Gravitricity is 15.
What does Gravitricity do?
Gravitricity was founded in 2011 and is based in Edinburgh, United Kingdom. Operations focus on the energy storage sector, where gravity-based systems are utilized to store energy for network-constrained users and distribution networks. Grid services are offered alongside hydrogen-based storage solutions. The companys approach addresses constraints in renewable energy integration through innovative mechanical methods.
Who are the top competitors of Gravitricity?
Gravitricity's top competitors include Energy Vault, Green Gravity and Baud Resources.
What products or services does Gravitricity offer?
Gravitricity offers GraviStore and H2 FlexiStore.
Who are Gravitricity's investors?
Gravitricity has 1 investor. Key investors include Gov.uk.
What is Gravitricity's valuation?
The valuation of Gravitricity is $2.53M as of Oct 2019.