Green Gravity, an Australian startup revolutionizing energy storage, has raised AU$9 million (US$6.02 million) in Series A funding. With their gravity-based energy storage technology, Green Gravity aims to transform how energy is stored and used.
- AU$9 Million Series A Funding: Green Gravity raised AU$9 million to advance the development of its gravity-based energy storage system, a sustainable solution for large-scale energy needs.
- Support from Leading Investors: Key investors include HMC Capital, BlueScopeX, Pacific Channel, and Sumisho Coal Australia Holdings (SCAPH), who believe in the potential of Green Gravity’s technology to shape the future of energy storage.
- Innovative Gravity Energy Storage: Green Gravity’s technology utilizes gravity to store energy, offering a unique and efficient alternative to traditional battery storage methods.
- Focus on Completing Product Development: The funds will be used to finalize product development and prepare Green Gravity for market deployment, paving the way for more sustainable energy solutions.
Backed by AU$9 million in Series A funding and a strong roster of investors, Green Gravity is on the verge of bringing its innovative energy storage solution to the market.
