GravitHy (Series A)
Funding Details
Awarder
Inbox
Date Award
March 26, 2025
Vertical
Sustainable Iron Production
Funding URL
View Funding Page
Funding Amount
$60,000,000
Company Info
Founding Year
2022
Traction
GravitHy plans to commission its plant by the end of 2028, creating up to 500 direct jobs with a total investment of €2.2B.
Organizations Involved
Japan Hydrogen Fund, Marcegaglia, Ecolab, Rio Tinto, Siemens, Engie New Ventures, InnoEnergy
Market
Steel Industry
Location
Marseille, France
Coinvestors
Japan Hydrogen Fund, Marcegaglia, Ecolab, Rio Tinto, Siemens, Engie New Ventures, InnoEnergy
Company Description

GravitHy is an iron manufacturing firm producing DRI/HBI through hydrogen reduction technology.

Links
WebsiteCrunchbaseLinkedIn
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