Gravity Secures $13M Series A To Expand Carbon Platform

Gravity, a leading carbon accounting and energy management platform, has secured $13 million in Series A funding to further its mission of automating carbon reporting and optimizing energy efficiency for businesses. The funding round, led by Ansa Capital and supported by Eclipse, Hanover, Caffeinated Capital, and other prominent investors, brings Gravity’s total funding to $20 million. With this milestone, the company is set to accelerate its growth, enhance its platform capabilities, and expand its presence in the US and European markets. Marco DeMeireles, Co-Founder and Managing Partner at Ansa Capital, has joined Gravity’s board of directors as part of this initiative.

As companies grapple with increasing carbon reporting requirements, Gravity is emerging as a transformative solution in sustainability and compliance. The platform leverages advanced automation technologies to streamline data collection and reporting processes, addressing the growing demand for efficient, cost-effective carbon disclosure systems. According to Saleh ElHattab, Gravity’s CEO and Co-Founder, the company’s unique approach connects sustainability reporting directly to businesses’ financial priorities, such as cost reduction and risk mitigation. This alignment, ElHattab noted, sets Gravity apart in a market where sustainable disclosure often feels like an isolated, manual task disconnected from core business objectives.

Businesses using Gravity’s platform have reported significant savings in time and costs, highlighting the platform’s efficiency and value. One notable example is a customer who saved 4,600 hours annually through Gravity’s AI-powered bill scanning technology. The platform's capabilities to automate the reporting of emissions, integrate into existing energy tracking systems, and give actionable insights make it indispensable to a growing list of clients ranging from Fortune 500 companies and global enterprises to private equity leaders. Gravity boasts an impressive year-over-year revenue growth of 400% while redefining the role of carbon accounting in modern business operations.

The reason for its success is the platform's ability to go beyond just compliance. By automating energy audits and building partnerships, Gravity generates tangible value for its clients. For example, one client, a Midwestern utility company, realized $2 million in annual savings in HVAC optimization, while another client, a Nevada developer, was able to secure $1 million in federal incentives for sustainable construction upgrades. In another case, Wisconsin Aluminum Factory benefited from $400,000 in annual savings, with CEO Sachin Shivaram emphasizing that these energy projects more than justify the investment in Gravity’s platform. Shivaram also praised the Gravity team for their proactive approach to addressing client needs and anticipating business challenges.

The integration of large language models (LLMs) into Gravity’s platform represents a significant innovation in emissions reporting. According to Marco DeMeireles, the technology enables the automation of complex reporting processes, turning carbon accounting into a strategic advantage rather than a compliance burden. This capability has positioned Gravity as a leader in leveraging artificial intelligence for sustainability solutions.

The company is planning to utilize its Series A funding to further develop its product line, specifically its energy efficiency marketplace. Gravity wants to help businesses seize decarbonization opportunities while continuing to evolve to meet the new regulatory requirements. The company is looking to expand its team across the US and EU to help its clients enter new markets and maintain its pace in terms of energy savings and operational efficiency.

ElHattab emphasized that the ultimate goal of Gravity is to simplify sustainability reporting while unlocking significant value for businesses. At the heart of Gravity's success, he noted, was the ability to make carbon accounting a driver of cost savings and efficiency. As more and more businesses prioritize decarbonization, Gravity's innovative approach ensures that this aligns with financial and operational goals.

With the support of its investors and the expertise of its dedicated team, Gravity is poised to lead the charge in transforming carbon accounting and energy management. The company’s focus on innovation, efficiency, and client success makes it a key player in the global effort to reduce carbon emissions and drive sustainable growth.