VFlowTech, a homegrown leader in long-duration energy storage solutions, announced it has raised $20.5 million in its latest funding round.
This funding round was led by prominent venture capital firm Granite Asia, which was joined by new investors EDBI, MOL PLUS and PSA Ventures and alongside existing backers Antares Ventures, İnci Holding, UntroD Capital, Pappas Capital, Wavemaker Partners, SEEDS Capital, and Entrepreneurs First.
This funding will enable VFlowTech to:
1.) Scale manufacturing and deployment of its proprietary vanadium redox flow batteries (VRFBs).
2.) Strengthen its AI-driven cloud energy management platform to optimise efficiency and unlock new revenue streams.
3.) Develop critical supply chains, including vanadium recycling, electrolyte innovation, and membrane advancements.
With Singapore positioning itself as a global hub for sustainability and smart energy solutions, VFlowTech’s AI-based platform will introduce advanced smart grid functionalities to enable customers to optimise energy use, participate in energy trading, and enhance the ROI of energy storage systems.
What the funding will be used for: With this funding round, VFlowTech will advance its expansion across Asia, the Middle East, and other global markets, grow its commercial team, and deepen its presence in key sectors such as utilities and grid-scale storage, renewable integration, and industrial decarbonisation.
KEY QUOTES:
“As industries and governments prioritise sustainability, VFlowTech is at the forefront of providing advanced storage solutions that optimise energy usage and reduce environmental impact. With this investment, we are poised for significant growth and technological advancement.”
Dr Avishek Kumar, Founder and CEO of VFlowTech
“We are thrilled to welcome such a strong group of financial and strategic partners on this journey. This funding gives us the ability to take on larger projects, expand into new markets, and integrate cutting-edge digital intelligence into our energy storage solutions—making them not just storage systems, but revenue-generating assets.”
Dr. Arjun Bhattarai, Co-Founder of VFlowTech
“Long duration energy storage is critical in supporting 100% renewable energy, build out of EV infrastructure, and new energy demand required from accelerated AI adoption. We believe that VFlowTech and vanadium flow battery technology is well positioned to capture this market in Asia and beyond. We’re excited to collaborate with the team to realise a more sustainable future for all.”
Kheng Nam Lee, Venture Partner of Granite Asia
“Antares Ventures has proudly supported VFlowTech from its inception, recognising early the transformative potential of its battery technology. Over six years, the company has grown from a university research project into a leading innovator in long duration energy storage, driven by exceptional scientific talent and strong commercial execution. VFlowTech’s solutions uniquely address Asia’s urgent need for affordable, clean energy and improved grid stability, directly enhancing 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.”
Michael Gryseels, Founder and Managing Partner at Antares Ventures
“We find two attractions in VFlowTech. The first is that their technology has the potential to be deployed in larger-scale facilities, such as port terminals. The second is their focus regions are Southeast Asia and India where is also MOL’s focus. We will continue our contribution in business collaboration.”
Takuya Sakamoto, CEO of MOL PLUS
