Singapore, 14 May 2025 – VFlowTech, a homegrown leader in long-duration energy storage solutions, has successfully raised USD $20.5 million in its latest funding round.
The investment was led by prominent venture capital firm Granite Asia, 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:
• Scale manufacturing and deployment of its proprietary vanadium redox flow batteries (VRFBs).
• Strengthen its AI-driven cloud energy management platform to optimise efficiency and unlock new revenue streams.
• 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-powered 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.
Dr Avishek Kumar, Founder and CEO of VFlowTech said: “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.”
“We are thrilled to welcome such a strong group of financial and strategic partners on this journey,” said Dr. Arjun Bhattarai, Co-Founder of VFlowTech. “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.”
“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,” said Kheng Nam Lee, Venture Partner of Granite Asia.
Michael Gryseels, Founder and Managing Partner at Antares Ventures, said, “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.”
“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.” said Takuya Sakamoto, CEO of MOL PLUS.
With this investment, VFlowTech will accelerate 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.
About VFlowTech
VFlowTech is a Singapore headquartered deep tech company pioneering vanadium redox flow battery (VRFB) systems for long-duration energy storage. Established in 2018, VFlowTech focuses on developing safe, scalable, and sustainable energy storage solutions. The company has installed their long duration storage systems in over 10 countries globally and is supporting Singapore’s ambition to be a global leader in clean energy innovation and with the vision to drive the world towards energy equity where everyone can access clean energy at affordable pricing.
For more information, visit www.vflowtech.com.
About Granite Asia
Granite Asia, formerly known as GGV Capital Asia, is Asia’s leading multi-asset investment platform. Headquartered in Singapore, it invests in the APAC region including Southeast Asia, Japan, China, India, and Australia. With assets under management (AUM) totalling $5 billion, the firm boasts investments in 48 companies with valuations exceeding $1 billion and has facilitated 30 IPOs. Its investment thesis prioritises five long-term themes including Consumer Growth & Transformation, Enterprise Workflow & Supply Chain, Food Systems & Sustainability, Health Innovation & Wellness, and Energy Transition & Automation.
For more information, visit www.graniteasia.com.
About Antares Ventures
Antares Ventures is a Singapore-based venture capital fund specialising in early-stage Deep Tech investments. Our team brings unmatched operational expertise in energy transition, industrial decarbonisation, agriculture & food innovation, smart cities & transportation, and semiconductors & AI. We provide startups with strategic capital and specialised industry expertise to scale rapidly and sustainably in Asia growth markets. Our deep local ecosystem knowledge uniquely positions us as the ideal partner for ambitious founders ready to transform critical industries in Asia.
For more information, visit www.antares.ventures.
About EDBI
EDBI operates under SG Growth Capital, the investment platform of the Singapore Economic Development Board (EDB) and Enterprise Singapore. We invest in highgrowth global technology companies and industry leaders looking to scale in Singapore and across Asia. Leveraging SG Growth Capital’s extensive networks and expertise, we collaborate with our portfolio companies to unlock growth opportunities, create pathways for advancement, and connect them with the resources needed for success. Through strategic investments and partnerships, we drive the development of innovative solutions, create good jobs, and contribute to Singapore’s long-term economic resilience.
For more information, visit www.edbi.com.
About MOL PLUS
MOL PLUS Co., Ltd. is a Corporate Venture Capital driving force for Mitsui O.S.K. Lines, Ltd. MOL PLUS invests in a wide range of early- and middle-stage startup companies around the world, that have the potential to reform ocean shipping business models and create new businesses in the shipping industry from a medium to long-term perspective. For more information, visit:
MOL PLUS: https://en.molplus.net/
Mitsui O.S.K. Lines: www.mol.co.jp/en/
Contact
VFlowTech
Rebecca Yeo | Marketing and Communications Manager
rebecca.yeo@vflowtech.com
