Tech Company Financing Transactions
GravitHy Funding Round
GravitHy, based in Marseille, secured $65 million from Ecolab, EIT InnoEnergy and ENGIE New Ventures.
Transaction Overview
Company Name
Announced On
3/26/2025
Transaction Type
Venture Equity
Amount
$65,000,000
Round
Undisclosed
Proceeds Purpose
The funds will allow GravitHy to complete the project development by 2026 and make a final investment decision. In addition, the company continues to attract new investors to ensure the implementation of the construction and commercial phases.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
10, Place de la Joliette
Marseille, 13002
France
Marseille, 13002
France
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Founded in 2022, we are an innovative sustainable iron company, with our first flagship plant to be located in Fos-sur-Mer, in the south of France. The steel sector is responsible for 8% of the global energy demand and 8% of the energy sector CO2 emissions (including process emissions) -- making it one of the largest carbon emitting industries.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
José Noldin
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