Gravity Power
About this raise: Gravity Power, with a valuation of $25.5 million, is raising funds on PicMii. The company is developing energy storage technology that reduces carbon emissions. Gravity Power’s technology raises and lowers a piston hydraulically in an underground shaft to store energy, thereby reducing costs and minimizing environmental impacts. The company is in the pre-revenue stage and has key relationships with leading companies, including Stantec, the Robbins Company, and many more. William Stevens Taber Jr. and Orlo James Fiske founded Gravity Power in November 2008. The current crowdfunding campaign has a minimum target of $9,999.75 and a maximum target of $999,999.75. The campaign proceeds will be used for operations and research and development.
Investment Overview
Committed : $81,829
Deal Terms
Total Commitments ($USD)
- Platform
- PicMii
- Start Date
- 03/26/2024
- Close Date
- 04/02/2025
$10,000
$1,000,000
$250
Equity - Preferred
Seed
RegCF
$0.75
$25,496,381
Company & Team
Company
- Year Founded
- 2008
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $232,625
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/02/2025 | PicMii | $25,496,381 | $81,829 | Equity - Preferred | Active | 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.