Gravity Power - About the company
Gravity Power is a series A company based in Goleta (United States), founded in 2008. It operates as a Provider of pumped hydro energy storage. Gravity Power has raised $2M in funding, with a current valuation of $*****. The company has 216 active competitors, including 58 funded and 13 that have exited. Its top competitors include companies like Northvolt, Form Energy and VFlow Tech.
Company Details
Provider of pumped hydro energy storage. The company developing a novel grid-scale energy storage system for global commercialization called the gravity power module energy. The company uses underground pumped hydro storage as the fuel for generating power. The technology will require less excavation per storage capacity than many existing pumped storage hydro facilities.
- Website
- www.gravitypower.net/
- Social
- Email ID
- *****@gravitypower.net
- Registered Address
- 945 WARD DRIVE, #28, SANTA BARBARA, CA
Key Metrics
Founded Year
2008
Location
Goleta, United States
Stage
Series A
Total Funding
$2M in 2 rounds
Latest Funding Round
Post Money Valuation
$***** as on Jan 17, 2025
Ranked
78th among 216 active competitors
Employee Count
3 as on Jan 17, 2025
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Legal entities associated with Gravity Power
Gravity Power is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Gravity Power Inc CIN: 0001757969 , United States, Active | $369K (As on Dec 31, 2018) | 3 (As on Jan 17, 2025) | - |
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Gravity Power's funding and investors
Gravity Power has raised a total funding of $2M over 2 rounds. Its first funding round was on 2009. Its latest funding round was a Grant (prize money) round on Jul 22, 2024 for $*****. 1 investor participated in its latest round. Gravity Power has 2 institutional investors.
Here is the list of recent funding rounds of Gravity Power:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 22, 2024 | 1266485 | Grant (prize money) | 2962852 | 7084056 | 4120862 | 2167905 |
2009 | 6830 | Series A | 5795 | 4152 | 5275 |
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Gravity Power's founders and board of directors
Founder? Claim ProfileGravity Power's employee count trend
Gravity Power has 3 employees as of Jan 25. Here is Gravity Power's employee count trend over the years:
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Gravity Power's Competitors and alternates
Top competitors of Gravity Power include Northvolt, Form Energy and VFlow Tech. Here is the list of Top 10 competitors of Gravity Power, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Manufacturer of lithium-ion batteries for electric vehicles | $9B | 75/100 | ||
2nd | _1531912477249.png?devicePixelRatio=2&height=30&width=30){kind=logo} Form Energy 2009, Somerville (United States), Series F | Developer of iron-air energy storage system for renewable energy storage | $1.13B | 71/100 | |
3rd | _1569477867350.png?devicePixelRatio=2&height=30&width=30){kind=logo} VFlow Tech 2018, Singapore (Singapore), Series A | Manufacturer of vanadium redox flow batteries for energy storage solutions | $33.5M | 65/100 | |
4th | Manufacturer of stationary battery storage systems and related energy services | $112M | 64/100 | ||
5th |  Noon 2018, Palo Alto (United States), Series A | Provider of solutions for flow batteries | $31M | 64/100 | |
6th | Developer of advanced compressed air energy storage for grid applications | $565M | 64/100 | ||
7th |  Verlume 2013, Aberdeen (United Kingdom), Series A | Manufacturer of subsea batteries and offshore power management systems | $12.3M | 62/100 | |
8th |  Renewable Iron Fuel Technology 2020, Eindhoven (Netherlands), Series B | Developer of iron fuel technology for industrial heat decarbonization | $111M | 61/100 | |
9th | Manufacturer of inverters, chargers, batteries, and energy storage system components | $141M | 59/100 | ||
10th | Amber Kinetics 2009, Union City (United States), Series C | Innovative flywheel energy storage systems for a sustainable energy future | $25M | 58/100 | |
78th | Gravity Power 2008, Goleta (United States), Series A | Provider of pumped hydro energy storage | $2M | 32/100 |
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Gravity Power's Investments and acquisitions
Gravity Power has made no investments or acquisitions yet.
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