Gravity, the pioneering electric vehicle (EV) infrastructure firm, today announced that GV (Google Ventures) led its seed funding round as it brings new, breakthrough technology to the market. GV supports innovative founders moving the world forward, and selected Gravity based on its potential to rapidly accelerate EV adoption and the green transition of the electrical grid with equipment that is faster than any competitor, including Tesla, and so compact that it can be deployed in any setting.
Gravity’s complete line of 500kW UL-listed equipment, known as Distributed Energy Access Points (DEAPs), are much more than chargers. They are designed to directly interface and augment electrical grids, flexibly allocating power to prevent costly new demand spikes and eliminating the need for costly infrastructure upgrades.
Gravity’s innovations enable it to onboard large-scale fast charging without straining the power grid and often without any need for utility upgrades —overcoming a fundamental barrier facing the industry.
“Success in climate tech requires sustainability in mission as well as financial sustainability. GV is one of the world’s most reputable venture capitalists. We’re proud they’ve invested in Gravity to accelerate our clean climate missions. We are grateful for the partnership and validation of our full-stack hardware and software solution that is critical to unlocking the full potential in the EV transition. With the release of our UL-listed dominant suite of equipment and software, we are ready to quickly scale nationally,” said Moshe Cohen, CEO of Gravity Inc.
“Gravity is doing something fundamentally different in the EV charging sector. Its technology offers orders of magnitude performance improvement and solves the challenge of scaling high-speed charging while helping transition the grid to clean energy sources. Gravity’s innovative model unlocks returns from its energy management, putting it on a path to leadership in one of the largest total addressable markets. This is an investment GV is excited to make,” said Erik Nordlander, General Partner at GV.
In October, Gravity announced its chargers and power cabinets became the first 500 kW system to ever earn UL certification following extensive testing by UL Solutions. Each unit is capable of providing vehicles with a 200-mile range in just five minutes of charging. Gravity is currently installing 24 DEAPs at its new flagship facility in Midtown Manhattan, which will open to the public later this fall.
Gravity now has the capacity to manufacture and ship thousands of units per year, for deployment at sites that it also operates.
Learn more at GravityMobility.com.
