VFlowTech, a leader in long-duration energy storage solutions, has successfully raised $20.5m in its latest funding round. The investment, led by Granite Asia, includes new investors such as Antares Ventures, EDBI, MOL PLUS, and PSA Ventures, alongside existing backers like İnci Holding and Wavemaker Partners. This funding will enable VFlowTech to scale the manufacturing and deployment of its vanadium redox flow batteries (VRFBs) and enhance its AI-driven cloud energy management platform.
The company aims to optimise energy efficiency and create new revenue streams through advanced smart grid functionalities. Dr Avishek Kumar, Founder and CEO of VFlowTech, stated, “As industries and governments prioritise sustainability, VFlowTech is at the forefront of providing advanced storage solutions that optimise energy usage and reduce environmental impact.”
The funding will also support the development of critical supply chains, including vanadium recycling and electrolyte innovation. Dr Arjun Bhattarai, Co-Founder of VFlowTech, expressed excitement about the strong group of financial and strategic partners, stating that the investment allows the company to expand into new markets and integrate cutting-edge digital intelligence into their solutions.
VFlowTech plans to accelerate its expansion across Asia, the Middle East, and other global markets, focusing on utilities, grid-scale storage, and industrial decarbonisation. With Singapore positioning itself as a global hub for sustainability, VFlowTech’s innovations are set to play a significant role in the region’s energy landscape.
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