Gravity Power (2019)
About this raise
Gravity Power sells utility scale energy storage systems. Customers include developers, utilities, and large commercial users who develop, own, and operate these systems, which are provided as turnkey and provide energy storage at 20% the cost of LI batteries. These systems are environmentally benign, easy to permit, and can produce constant power. Plus, they ramp up from zero to full power in 20 seconds. So far, Gravity Power patents have been issued in the US, 22 European countries, Canada, Mexico, Japan, China, Russia, South Africa, Australia and South Korea, with more patents are pending globally including in India and Brazil.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments
- Platform
- Netcapital
- Start Date
- 11/08/2018
- Close Date
- 02/08/2019
$10,000
$106,998
$100
Equity - Common
Early Stage
RegCF
$1.16
$11,072,292
Company & Team
Company
- Year Founded
- 2008
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- Capital Intensity
- Location
- Goleta, California
- Company Website
-
Visit Website
Team
- Employees
- 3
Financials
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/02/2025 | PicMii | $25,496,381 | $81,229 | Equity - Preferred | Funded | RegCF |
| 12/11/2023 | StartEngine | $25,209,241 | $242,010 | Equity - Preferred | Funded | RegCF |
| 02/08/2019 | Netcapital | $11,072,292 | $0 | Equity - Common | Not Funded | RegCF |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.