VFlowTech, a Singapore-based energy storage startup, has raised $20.5 million to ramp up production of its vanadium redox flow batteries (VRFBs) and push into new markets across Asia and the Middle East.
The round was led by Granite Asia, with backing from new investors Antares Ventures, EDBI, MOL PLUS, and PSA Ventures, alongside returning supporters İnci Holding, UntroD Capital, Pappas Capital, Wavemaker Partners, SEEDS Capital, and Entrepreneurs First.
The fresh capital will help VFlowTech scale manufacturing, strengthen its AI-powered energy management platform, and develop vanadium recycling and electrolyte innovation capabilities.
The company is also eyeing larger commercial projects and deeper integration into utilities, smart grids, and industrial decarbonization sectors.
Founded in 2018, VFlowTech has deployed its flow battery systems in more than 10 countries.
The company says its technology offers a safer, longer-lasting alternative to lithium-ion batteries for grid-scale storage — a sector seeing surging demand as the world transitions to renewable energy and AI drives up electricity consumption.
“With this funding, we’re gearing up for major growth and technological leaps,” said Dr. Avishek Kumar, CEO of VFlowTech. “We’re not just storing energy — we’re turning storage systems into revenue-generating assets.”
Granite Asia’s Kheng Nam Lee said the technology is positioned to capture rising demand for long-duration energy storage, particularly as Asia scales up renewable infrastructure.
Singapore, which is positioning itself as a clean energy innovation hub, is providing fertile ground for startups like VFlowTech. The company plans to double down on its regional presence while expanding supply chains, commercial teams, and smart grid capabilities globally.
Business News Asia