Singapore-based energy storage solutions provider VFlowTech has secured $20.5 million in its latest funding round.
VFlowTech announced on Wednesday that it has raised $20.5 million in new funding. Granite Asia, a well-known venture capital firm, led the round.
New investors like Antares Ventures, EDBI, MOL PLUS, and PSA Ventures joined the round. VFlowTech’s existing investors—İnci Holding, UntroD Capital, Pappas Capital, Wavemaker Partners, SEEDS Capital, and Entrepreneurs First—also participated in the investment.
This new funding will help VFlowTech increase the production and use of its special vanadium redox flow batteries (VRFBs). The company also plans to improve its cloud-based energy management system, which uses AI to boost efficiency and create new ways to earn money.
In addition, the investment will support the development of key parts of the battery supply chain. This includes recycling vanadium, creating better battery liquids (electrolytes), and improving battery membranes.
As Singapore aims to become a global leader in sustainability and intelligent energy, VFlowTech says its AI-powered platform will offer advanced smart grid features. These features will help customers use energy more efficiently, take part in energy trading, and get better returns from their energy storage systems.
VFlowTech plans to expand quickly into Asia, the Middle East, and other international markets thanks to this investment. The company also aims to grow its sales and business development team.
VFlowTech will also focus on strengthening its role in important areas like utility and large-scale energy storage, supporting renewable energy use, and helping industries reduce their carbon emissions.
As more industries and governments focus on sustainability, VFlowTech is leading the way by offering advanced energy storage solutions that help use energy more efficiently and lower environmental impact.
“With this investment, we are poised for significant growth and technological advancement,” said Avishek Kumar, Founder and Chief Executive Officer of VFlowTech.
Arjun Bhattarai, Co-Founder of VFlowTech, also said that this funding gives the firm the ability to take on larger projects, expand into new markets, and integrate cutting-edge digital intelligence into its energy storage solutions—making them not just storage systems but revenue-generating assets.
Established in 2018, VFlowTech is a deep tech company pioneering vanadium redox flow battery (VRFB) systems for long-duration energy storage.
The company is dedicated to creating energy storage solutions that are safe, easy to scale, and environmentally friendly.
VFlowTech has installed its long-duration energy storage systems in more than ten countries worldwide.
The company is also helping Singapore become a global leader in clean energy innovation. Its goal is to make clean energy affordable and available to everyone supporting a fairer and more sustainable future.
Long-duration energy storage is very important for fully using renewable energy, building more electric vehicle (EV) charging stations, and meeting the growing energy needs from the rise of AI technology.
Kheng Nam Lee, Venture Partner at Granite Asia, said, “We believe VFlowTech and its vanadium flow battery technology are in a great position to grow in Asia and other regions.
We’re excited to work with the team to help build a more sustainable future for everyone.”
Meanwhile, Michael Gryseels, Founder and Managing Partner at Antares Ventures, said that Antares Ventures has supported VFlowTech from its inception, recognizing early the transformative potential of its battery technology.
He said that, over the past six years, the company has grown from a university research project into a top innovator in long-duration energy storage, thanks to its amazing scientific team and strong business skills.
“VFlowTech’s solutions are uniquely designed to meet Asia’s urgent need for affordable, clean energy and better grid stability, which will directly improve energy security in the region.”
“We look forward to continuing our support alongside visionary investors and strategic partners committed to securing Asia’s energy future,” he added.
Takuya Sakamoto, Chief Executive Officer of MOL PLUS, said the firm finds two attractions in VFlowTech.
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