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Status: Funded

May 11th 2021 - Jun 10th 2021

Gravitricity is an energy technology company that uses heavyweights to store energy underground. The company uses winches to raise a heavyweight to the top of a vertical shaft to store electricity in the form of potential energy when there is excess energy on the grid. It then lowers it when required with the winch motors running as generators to transfer energy back to users on the grid. Gravitricity argues that the system can be charged and discharged multiple times a day for over 25 years. The company has built a 250kW concept demo in Edinburgh. It aims to become a contender in the energy storage market that is predicted to become a $620 billion market by 2040. The company has received interest from operating mines, grid companies, EV charging stations and solar developers for its technology. It will use the investment to complete the concept and detailed design for its prototype, develop its commercial projects portfolio, and protect its Intellectual Property (IP).

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Log in to view amount pledged

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    £12,544,489
    pre-money valuation

    5.64%
    equity available

    1,459
    investors

    £812
    pledge per investor

    07827384
    company number

    Active
    company status

    28/10/2011
    incorporated 13 years

    £0.75
    share price


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Funding progress

Log in to view funding progress.


Log in to view amount pledged

    Log in to view target

    £12,544,489
    pre-money valuation

    5.64%
    equity available

    1,459
    investors

    £812
    pledge per investor

    07827384
    company number

    Active
    company status

    28/10/2011
    incorporated 13 years

    £0.75
    share price

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

As seen in:

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  • The Daily Telegraph