Introducing Gravity Climate
Today, we announced the launch of Gravity Climate. Our new software platform allows industrial businesses and their supply chain partners to manage their carbon footprint while driving cost-effective decarbonization and long-term profitability. In addition, we announced $5M in seed funding from Eclipse Ventures and several new customer engagements with mid-sized manufacturers and industrial-focused private equity firms.
The motivating factor for building Gravity was the opportunity to apply new technology to industrial supply chains, which are responsible for over 40% of all greenhouse gas emissions. Although many software companies tackle climate management broadly, Gravity caters to industries – like construction, metals, and energy services – that have significant physical operations and infrastructure. For these industries, reducing their own emissions also reduces their customers’ supply chain emissions, creating a positive flywheel effect.
“We built a solution that makes carbon management attractive to industrial businesses. They can make meaningful emissions reductions while protecting their bottom line.”
Gravity is already working with customers to manage their carbon footprint. Sachin Shivaram, CEO of Wisconsin Aluminum Foundry, uses Gravity to measure WAF’s annual greenhouse gas emissions and meet disclosure requests. “Gravity helped us understand our complete carbon footprint,” he said. “Sustainability was always important to us, but hard to put into action. We’re excited that we can now track what we’re responsible for emitting, meet customer requirements, and come up with a realistic plan going forward.”
Demand for this technology extends to the investment community, where many investors have made sustainability and ESG commitments. Private equity firm Blue Wolf Capital Partners is using Gravity to measure the emissions of more than 10 of its portfolio companies.
According to Adam Blumenthal, Managing Partner and Chairman, “Blue Wolf has a strong track record of creating sustainable value for our investors and portfolio companies by applying an ESG lens to each company to identify opportunities where complexity can obscure value. Gravity’s platform, which quickly ingests, calculates, and distributes key emissions data about our businesses, is a useful tool for our team. It’s a great solution to an increasingly complex problem of aggregating greenhouse gas emissions.”
Gravity works in four simple steps:
- MAP – Gravity customers set carbon management goals based on their industry, voluntary or regulatory requirements, reporting priorities, and organizational structure.
- MEASURE – With features like automatic bill scanning and API integrations, Gravity makes measuring Scope 1, 2 and 3 emissions as simple and automated as possible.
- OPTIMIZE – Once a company establishes their baseline, Gravity helps companies identify emission reduction opportunities, while maximizing ROI and operational efficiency.
- REPORT – Using interactive dashboards and data that can be exported for specific frameworks, Gravity makes it easy to share regular updates with stakeholders, such as investors, customers, and disclosure groups.
“Industrials are being driven to decarbonize by not only regulatory bodies, but also their supply chains; yet they still aren’t able to reliably measure their emissions or access cost-effective decarbonization opportunities. Eclipse believes the world-class team and technology Gravity has built will deliver a tech-native approach that will resolve this challenge for industrials.”
Reach out today to learn more
Gravity Climate helps industrial businesses and their supply chain partners manage their carbon footprint in a climate-conscious economy. Our premier technology makes it easy and cost-effective for companies to measure their emissions, decarbonize their direct operations, and promote their sustainability efforts. To meet with our team, reach out here.
For media inquiries, please contact Linda Rigano at media@gravityclimate.com or (914) 815-0396.
