Author: PPD Team Date: 19/05/2025
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 India into a Gigafactory. It also aims to develop artificial intelligence-driven energy management systems.
To strengthen its local operations, VFlowTech will expand hiring in engineering, research, and operations. The company will also invest in vanadium recycling and improve electrolyte manufacturing to support supply chain resilience.
VFlowTech noted that investor interest in VRFB technology reflects growing demand for grid-stabilising, long-duration energy storage. The company is in discussions with renewable energy developers and industrial clients to deploy up to 1,000 MWh of VRFB systems in the coming years.
Founded in 2018, VFlowTech has installed systems in over 10 countries and contributes to Singapore’s clean energy goals.