Gravity Power
Early Stage
Grid Scale Energy Storage
Overview
Raised: $0
Total Commitments ($USD)
Platform
Netcapital
Start Date
11/08/2018
Close Date
02/08/2019
Min. Goal
$10,000
Max. Goal
$106,998
Min. Investment
$100
Security Type
Equity - Common
SEC Filing Type
RegCF
Price Per Share
$1.16
Pre-Money Valuation
$11,072,292
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
02/24/2019
Days Remaining
Not Funded
% of Min. Goal
0%
% of Max. Goal
0%
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2008
Industry
Energy, Power, & Natural Resources
Tech Sector
Location
Goleta, California
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.
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