- Money will help expand to other international markets, including Asia, the Middle East, and the Middle East.
- With new owners Antares Ventures, MOL Plus &, and PSA Ventures, Granite Asia led the square.
In its most recent funding round, VFlowTech, a Singapore-based leader in long-duration energy storage solutions, raised USD 20.5 million ( RM96 million ).
Granite Asia, a well-known venture capital firm, joined by new traders Antares Ventures, EDBI, MOL Plus, and PSA Ventures, along with existing donors Pappas Capital, Wavemaker Partners, SEEDS Capital, and Entrepreneurs First.
The money, according to VFlowTech, may allow it to expand the production and implementation of its exclusive vanadium oxidation flow batteries, improve its AI-driven fog energy management platform to maximize efficiency and create new revenue streams, and create crucial supply chains, including vanadium recycling, electrolyte innovation, and membrane advancements.
With Singapore positioning itself as a global hub for clever energy options and sustainability, VFlowTech’s AI-powered program will develop advanced smart grid features that will enable customers to reduce energy consumption, participate in strength investing, and increase the ROI of energy storage systems.
Dr. Avishek Kumar ( pic ),
VFlowTech’s founder and CEO, said:” As governments and companies place a premium on sustainability, VFlowTech is at the forefront of developing advanced storage options that maximize energy consumption and lower environmental impact. With this funding, we are on the verge of major technological advancement and growth.
” We welcome such a formidable cluster of corporate and financial partners on this journey,” co-founder of VFlowTech Dr. Arjun Bhattarai said. This cash enables us to take on larger projects, expand into new markets, and incorporate cutting-edge electronic intellect into our energy storage solutions, making them both revenue-generating resources as well as storage devices.
” Long-duration energy storage is essential to supporting 100 % renewable energy, the development of EV infrastructure, and the new energy demands impused by accelerated AI adoption. We think VFlowTech and vanadium flow battery technology are well-positioned to snag this market in Asia and the rest of the world. Working with the team will help us create a more sustainable future for everyone, said Granite Asia’s venture partner Kheng Nam Lee.
In addition, Michael Gryseels, founder and managing partner at Antares Ventures, stated that Antares Ventures has supported VFlowTech since its inception, acknowledging its early promise for its battery technology’s transformative potential. The business has evolved over the past six years from a university research project to a leader in long-duration energy storage, thanks to outstanding scientific talent and strong commercial success.
“VFlowTech’s solutions specifically 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 zealous investors and strategic partners who are working to secure Asia’s energy future,” he continued.
” We discovered two attractions in VFlowTech. The first is that port terminals and other larger-scale facilities could use their technology. The second is that Southeast Asia and India, which are both MOL’s areas of focus, are their main focus points. We will keep making a difference in business collaboration, according to Takuya Sakamoto, CEO of MOL Plus.
With this investment, VFlowTech will expand more rapidly across Asia, the Middle East, and other global markets, strengthen its commercial team, and expand its presence in key industries like utilities and grid-scale storage, renewable integration, and industrial decarbonization.