US-based Gravity Climate, an enterprise carbon accounting and energy management platform, has raised $13 million in series A funding, bringing its total funding to over $20 million.
According to a statement, New York-based Ansa Capital led the series A funding, which included contributions from Eclipse, Hanover, Caffeinated Capital, Communitas Capital, Buoyant Ventures and WEX Venture Capital.
The round draws attention to the growing demand for solutions that simplify compliance with rising carbon reporting requirements while unlocking energy cost savings.
Marco DeMeireles, co-founder and managing partner of Ansa Capital, will join Gravity’s board of directors.
Automating Carbon Reporting
Gravity Climate aims to tackle the inefficiencies in sustainability reporting, where many companies spend significant resources on compliance without realizing business benefits.
Its platform automates data collection and reporting while identifying opportunities to reduce energy costs and consumption.
“Behind every ton of emissions is a cost,” said Saleh ElHattab, CEO and co-founder of Gravity Climate, in the statement. “We connect emissions reporting directly to cost and risk mitigation, making it easy and impactful for businesses.”
Gravity Climate’s AI-driven platform automates processes that traditionally require manual data entry. Features include seamless integration with energy tracking systems and supplier engagement modules, reducing compliance burdens.
The automation saves customers thousands of hours annually, with one client reporting 4,600 hours saved through AI-powered bill scanning alone.
High-ROI Energy Solutions
Gravity Climate’s solutions have driven significant cost savings for its clients. Projects such as HVAC optimization for a utility company resulted in over $2 million in annual savings, while construction improvements for a Nevada developer unlocked $1 million in federal incentives.
“Gravity’s ability to turn emissions reporting into a value driver is unparalleled,” said DeMeireles. “Its platform combines automation with actionable insights, helping businesses reduce energy costs and enhance sustainability.”
The company has achieved 400 percent year-over-year revenue growth, partnering with Fortune 500 companies and global enterprises, including Autodesk, WM, and MiddleGround Capital.
Its clients span industries from construction to manufacturing, with notable results such as Wisconsin Aluminum Factory’s $400,000 annual savings.
Future Plans and Expansion
With the new funding, Gravity Climate plans to enhance its energy efficiency marketplace, adding decarbonization tools and financing options. The company also aims to expand its presence in the US and Europe, helping businesses meet evolving regulatory requirements and achieve sustainability goals.
