VFlowTech, a provider of long-duration energy storage solutions, pulled in $20.5 million in its most recent funding round, which was led by venture capital firm Granite Asia.
Based out of Singapore, VFlowTech plans to use its latest capital raise to bolster manufacturing and deployment of its vanadium redox flow batteries, which are designed to be cost efficient, scalable and recyclable. The company will also invest in its AI-powered cloud energy management platform and supply chain development, focusing on areas like vanadium recycling and electrolyte innovation.
Additionally, VFlowTech expects to grow its presence in markets like Asia and the Middle East, expanding its commercial team and broadening its influence across various sectors, including utilities and grid-scale storage, renewable integration and industrial decarbonization.
“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,” VFlowTech Co-Founder and CEO Avishek Kumar said in a statement.
