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Status: Active

May 12th 2020 - Jun 11th 2020

Gravitricity is an energy technology company based in Edinburgh, London. Its patented technology is based on a simple principle: raising and lowering a heavy weight to store and release energy. The Gravitricity system suspends weights of 500 - 5000 tonnes in a deep shaft by several cables, each of which is engaged with a winch capable of lifting its share of the weight. Electrical power is then absorbed or generated by raising or lowering the weight. The technology has a 25+ year life with no cyclical degradation, has no parasitic loads, is cost-effective and can be installed anywhere including city-centres. The company has recently submitted its fifth patent application and has won a grant under InnovateUK's Energy Catalyst programme. It is working with winch partner Huisman Equipment BV and controls-partner ISC to build a 250kW Concept Demonstrator and design modular full-scale systems. With the funds received, Gravitricity will buffer for any COVID-related delay in energy requirements amidst the global economic downturn.

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Gravitricity Rating Review

Pitch rating powered by CROWDRATING

Rated on 22/05/2020

Pitch Rated

51%

Insufficient Data

Management

75%

Product

79%

Investment

UNRATED*

* Section unrated owing to insufficient or incomplete information available at the time of rating.

Log in to view amount pledged

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    £4,053,090
    pre-money valuation

    2.41%
    equity available

    1,421
    investors

    £545
    pledge per investor

    07827384
    company number

    Active
    company status

    28/10/2011
    incorporated 13 years

    £0.30
    share price

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating

RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.

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Management 75%

Skills 91%
Gravitricity team consists of specialist engineers, project managers and finance professionals. The core team is supported by professionals in shaft sinking and geology, an intellectual property advisor, and a patent attorney. The team is led by a Managing Director who is skilled in Early-stage technology development, Innovation, Biomass energy systems, Wave and Tidal Streams, and Energy System (Utility) business models around emerging technologies. The Technical Director is skilled in research and development, photovoltaics, wind energy, feasibility studies, engineering, and renewable energy. The Business Development Manager has skills to build the brand and increase brand awareness through her demonstrable skills in research, data analysis, strategy development, and project management. The finances of the company are overseen by their Finance Director who specialises in private equity, project finance, corporate finance, financial modelling, and mergers and acquisitions.

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Funding progress

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Log in to view amount pledged

    Log in to view target

    £4,053,090
    pre-money valuation

    2.41%
    equity available

    1,421
    investors

    £545
    pledge per investor

    07827384
    company number

    Active
    company status

    28/10/2011
    incorporated 13 years

    £0.30
    share price

  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

  • The Guardian
  • Financial Times
  • Yahoo! Finance
  • The Times
  • The Daily Telegraph