• Funding Milestone: Gravity raised $13M in Series A funding, bringing total funding to $20M to advance carbon reporting automation and energy optimization.
• Efficiency Breakthrough: Customers report saving thousands of hours and millions of dollars through Gravity’s automated reporting and energy efficiency tools.
• Market Momentum: 400% year-over-year revenue growth, serving Fortune 500 firms, global enterprises, and private equity leaders.

Gravity, a leading carbon accounting and energy management platform, announced a $13 million Series A funding round, led by Ansa Capital and joined by Eclipse, Hanover, Caffeinated Capital, and other notable investors. This brings Gravity’s total funding to $20 million. Marco DeMeireles, Co-Founder and Managing Partner at Ansa Capital, will join Gravity’s board of directors.

“Gravity taps into the fact that these cost centers are already well-tracked and can be measured automatically, while connecting the task of reporting back to every company’s core financial priorities of cost and risk mitigation,” said Saleh ElHattab, CEO and Co-Founder of Gravity.

Solving Reporting Challenges

With increasing carbon reporting requirements, businesses are overwhelmed by compliance tasks, often missing out on significant cost-saving opportunities. Gravity addresses this gap by automating data collection and sustainability reporting, enabling companies to reduce energy consumption and improve operational efficiency.

One customer reported saving 4,600 hours annually through Gravity’s AI-powered bill scanning technology.

“Too often, sustainable disclosure is a manual, time-consuming chore that’s detached from evergreen business priorities,” added ElHattab.

Related Article: SAP Launches SAP Green Ledger, a Carbon Accounting and Reporting System

Driving Results

Gravity’s platform integrates with customers’ existing energy tracking systems, making compliance effortless while creating value through energy audits and partnerships. Success stories include:

• $2M annual savings for a Midwestern utility through HVAC optimization.
• $1M in federal incentives for a Nevada developer’s sustainable construction upgrades.

$400,000 annual savings for Wisconsin Aluminum Factory, a project led by CEO Sachin Shivaram, who said, “Thanks to Gravity, we are executing energy projects that deliver over $400,000 in annual savings, more than paying for itself.”

“Gravity is the first platform we’ve seen successfully leverage LLMs to automate emissions reporting and turn carbon accounting into a value driver,” noted DeMeireles.

Future Plans

Gravity will use the Series A funding to expand its product offerings, particularly its energy efficiency marketplace, and grow its team across the US and EU. These efforts aim to support new markets and meet evolving regulatory requirements while helping businesses capitalize on decarbonization opportunities.

“The team consistently goes above and beyond to anticipate our business needs,” said Shivaram.