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Don’t invest unless you’re prepared to lose all the money you invest. NextFin promotes high - risk investments and you are unlikely to be protected if something goes wrong.
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Engineering and Construction

Gravitricity

Status: Funded

May 23rd 2021 - Jun 10th 2021

Capital at risk

Gravitricity is an energy technology company. 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 set to be worth $620 billion by 2040. The company has received interest from operating mines, grid companies, EV charging stations and solar developers for its technology. It is also investigating project sites in UK, Europe, the USA and South Africa. 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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Crowdcube Engineering and Construction EIS
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Gravitricity Rating Review

Pitch rating powered by CROWDRATING™

Rated on 04/06/2021

Pitch Rated

58%

Insufficient Data

Management

90%

Product

85%

Investment

UNRATED*

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

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    £12,548,883
    pre-money valuation

    14.48%
    equity available

    2,786
    investors

    £762
    pledge per investor

    07827384
    company number

    Active
    company status

    28/10/2011
    incorporated 13 years

    £0.75
    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 90%

Skills 91%
Gravitricity Ltd has an energetic and dynamic expert team, including creative engineers, project developers, analysts, and business leaders who are passionate about the potential offered by Gravitricity energy storage. As per the profiles listed publicly and on LinkedIn, 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 Chairman has a background in entrepreneurial company development, venture capital, and oil and gas. The Technical Director is a Chartered Mechanical Engineer and Fellow of the Institution of Mechanical Engineers. He is skilled in research and development, photovoltaics, wind energy, feasibility studies, engineering, and renewable energy. He won the 2013 Saltire Medal by the Scottish government and the renewable energy Champion Award at the British Renewable Energy Association. The Business Development Manager is skilled in building the brand and increase brand awareness through her demonstrable skills in research, data analysis, strategy development, and project management. The company's finances 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

    £12,548,883
    pre-money valuation

    14.48%
    equity available

    2,786
    investors

    £762
    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:

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

Risk Warning - Summary

Don’t invest unless you’re prepared to lose all the money you invest. NextFin promotes high - risk investments and you are unlikely to be protected if something goes wrong.

Take 2 minutes to learn more.

Investing in equity and debt crowdfunding involves high risks, which may include long-term investment horizons, illiquidity, lack of income, defaulted loans and potential dilution. Any investor needs to be in the position to afford a total loss of capital invested. Investments that are made via Peer to Peer platforms should not be considered deposits like a bank. Your capital is at risk and is not covered by the Financial Service Compensation Scheme (FSCS).

NextFin is targeted at members who have the knowledge and experience to understand these risks and make their own investment decisions. You will NOT invest through NextFin but through the relevant crowdfunding website which also has signed off the content as a Financial Promotion on its own website. NextFin is not the originator of the financial promotions that appear on its site. However we do to the best of our ability carry out limited compliance checks on the originator and the company seeking funding to seek to ensure they are conforming to FCA regulations and anti-money laundering equity/requirements as appropriate. Business Agent Limited, trading as NextFin, takes no responsibility for this information or for any recommendations or opinions made by the companies or its users.

The pitch rating report prepared by CrowdRating and published on NextFin.co.uk does not constitute a personal recommendation, offer or solicitation to buy or sell investments. The pitch rating report should be used as part of your own research to assess whether or not you should make an investment, but only as a single factor and not as a definitive source. If you require advice based on your personal circumstances or are in any doubt about investing, you should obtain advice from an appropriately qualified independent professional. Pitch rating reports are based on publicly available information, including information provided by the investment issuer. CrowdRating assesses that third party information without verifying its accuracy and does not make any representation or warranty as to the accuracy of the information on which it bases its assessments. CrowdRating’s responsibility for their contents is set out in the CrowdRating Terms and Conditions. Business Agent has not prepared or reviewed the contents of the pitch rating reports and is not responsible to you for their contents. Nothing in this Summary shall limit or exclude any liability CrowdRating owes to you under the UK regulatory system. The information and opinions are provided as at the date of the report and are subject to change without notice.

Capital invested in crowdfunding projects is at risk and you may lose some or all of your investment and/or find it difficult to sell. If the investment issuer defaults on its obligations to you, you will not be entitled to compensation from the Financial Services Compensation Scheme. You should only invest in illiquid securities as part of a diversified investment portfolio. Neither CrowdRating nor Business Agent offers personal recommendations on whether investments are suitable for you in light of your investment objectives and financial circumstances.

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