# GravitHy: Mechanical or industrial engineering, Marseille, France

> GravitHy: GravitHy is a French industrial company founded in June 2022, focused on producing low-carbon Direct Reduced Iron (DRI) and Hot-Briquetted Iron...

Source: https://millionrounds.com/startup/gravithy (Millionrounds; every figure on the page links to its filing or article)

France · [Mechanical or industrial engineering startup](https://millionrounds.com/companies)

# GravitHy

GravitHy is a French industrial company founded in June 2022, focused on producing low-carbon Direct Reduced Iron (DRI) and Hot-Briquetted Iron (HBI) using green hydrogen.

Funding reported Last round: Venture (Round not Specified)

Mechanical or industrial engineering Marseille, France

Company summary

- **Founded:** 2022 4 years old
- **Team:** 48 11 to 50 people
- **Funding reported:** 66M as listed, currency not stated
- **Last round:** Venture (Round not Specified) Mar 2025

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for GravitHy has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About GravitHy

GravitHy is a French industrial company founded in June 2022, focused on producing low-carbon Direct Reduced Iron (DRI) and Hot-Briquetted Iron (HBI) using green hydrogen.

The company aims to significantly reduce emissions in the steel industry, addressing the growing demand for eco-friendly iron and steel. Headquartered in Marseille, GravitHy's flagship plant in Fos-sur-Mer is set to begin commercial production in 2029, with a capacity of 2 million tons of DRI/HBI annually. This facility is expected to save around 4 million tons of CO2 per year and reduce steelmaking emissions by over 90% compared to traditional methods. The project will create up to 500 direct jobs and involves a total investment of €2.2 billion. GravitHy operates on a B2B model, supplying low-carbon iron to steelmakers in Europe and beyond. The company has raised approximately $64.8 million in Series A funding from notable investors and is seeking additional funding to support its growth and expansion plans.

## What company datasets say GravitHy raised

Funding, as reported

Reported in all **66M** in the source's currency

Last round **Venture (Round not Specified)**

Last round size **66M**

Last round date **Mar 2025**

Investors listed **5**

## The company, in detail

What they build

Known for

hydrogen fuel cells sustainable iron green energy for industry iron and steel mills and ferroalloy manufacturing clean energy & technology flexible production systems fossil-free steel hydrogen projects sustainable industrial future sustainable energy fossil-free steelmaking energy infrastructure distribution manufacturing green industrial revolution carbon-neutral steel

Built with from their website

Google Tag Manager WordPress.org HREF Lang OVHcloud Font Awesome Apache Viewport Meta AVEVA E3D Design Babel AutoCAD

+8 more

Priority Hints Microsoft Exchange MySQL PrimeNG Microsoft 365 Apps & Services Mobile Friendly AVEVA PDMS ISO+™

- **Sector:** Mechanical or industrial engineering
- **Industry code:** NAICS 331110, SIC 3312
- **Region:** Provence-Alpes-Cote d'Azur

## Mechanical or industrial engineering in France

Startups like it

- [**Exotec** Wasquehal · founded 2015 *Raised*](https://millionrounds.com/company/exotec)
- [**UMA** Paris · founded 2025](https://millionrounds.com/startup/uma-4)
- [**EXOES** Gradignan · founded 2009](https://millionrounds.com/startup/exoes)
- [**Eco-Tech Ceram** Balma · founded 2014](https://millionrounds.com/startup/eco-tech-ceram)
- [**Eyco** Trets · founded 2020](https://millionrounds.com/startup/eyco)
- [**HEXANA** Aix-en-Provence · founded 2023](https://millionrounds.com/startup/hexana)
- [**magnoric** Duppigheim · founded 2019](https://millionrounds.com/startup/magnoric)
- [**BASTILLE** Lacour-d'Arcenay](https://millionrounds.com/startup/bastille-3)

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