VFlowTech, a Singapore-based company, has secured $20.5 million in a strategic funding round led by Granite Asia. The round also saw participation from several other investors, including Antares Ventures, EDBI, and returning investors such as İnci Holding and Wavemaker Partners. The fresh capital will be used to scale up VFlowTech’s 100 MWh manufacturing plant in India into a gigafactory, enhancing the deployment of its vanadium redox flow batteries (VRFB) in India’s renewable energy market.
VFlowTech, founded in 2018 by Avishek Kumar and Arjun Bhattarai, specializes in VRFB and hybrid battery systems designed for long-duration storage. The company plans to utilize the funding to enhance its AI-driven cloud energy management platform, which aims to optimize distributed energy usage and provide ancillary grid services.
The investment is seen as a significant boost to India’s clean energy journey, with the country aiming to achieve 500 GW of non-fossil fuel capacity by 2030. VFlowTech’s solutions are well-positioned to support this target, ensuring 24/7 clean power with grid reliability. The company’s vanadium flow battery technology is also critical in supporting 100% renewable energy, building out EV infrastructure, and meeting new energy demand required from accelerated AI adoption.
The investors expressed their confidence in VFlowTech’s potential to capture the growing market for long-duration energy storage in Asia and beyond. Kheng Nam Lee, Venture Partner of Granite Asia, stated that the company’s technology is well-positioned to support the region’s energy transition. Michael Gryseels, Founder and Managing Partner at Antares Ventures, noted that VFlowTech’s solutions address Asia’s urgent need for affordable, clean energy and improved grid stability.
The funding round is a significant milestone for VFlowTech, and the company is poised to play a key role in shaping the future of sustainable energy infrastructure in the region. With the support of its investors, VFlowTech is expected to continue its growth trajectory, driving innovation and adoption of clean energy technologies in India and beyond.