Gravity, a NYC-based electric vehicle (EV) infrastructure company, raised an undisclosed amount in Seed funding.
The round was led by GV (Google Ventures).
The company intends to use the funds to expand operations and its business reach.
Led by Moshe Cohen, Gravity is a provider of an EV infrastructure and energy management solutions. Its complete line of 500kW UL-listed equipment, known as Distributed Energy Access Points (DEAPs), 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.
In October, the company 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.
FinSMEs
16/11/2023