VFlowTech raises $20.5 million to expand battery storage in India
Singapore-based VFlowTech has secured $20.5 million to scale its long-duration energy storage business in India. The funding round was led by Granite Asia, with participation from Antares Ventures, EDBI, MOL PLUS, PSA Ventures, and several existing investors including İnci Holding, UntroD Capital, Pappas Capital, Wavemaker Partners, SEEDS Capital, and Entrepreneurs First. The company plans to use the capital to deploy more vanadium redox flow batteries (VRFB) and upgrade its 100 MWh battery manufacturing facility in…