VFlowTech, a Singapore-based energy storage solutions provider, raised US$3M in Pre-Series A funding.
The round was led by Wavemaker Partners, with participation from SEEDS Capital, Sing Fuels and other prominent angel investors.
The company intends to use the funds to expand business operations to manufacture and distribute its long-duration modular batteries for renewable energy storage.
Led by Dr. Avishek Kumar, Co-founder and CEO, VFlowTech provides energy storage solutions and has developed three key modular products in 5 kW/30 kWh, 10 kW/100 kWh, 100 kW/500 kWh systems, which can be scaled to multi MWh. The company currently has a pipeline of large-scale infrastructure projects in key markets like Australia and Africa to empower communities around the world who live in remote and rural areas to transition to low cost reliable cleantech solutions and become diesel-free. On average, a 10kW-100kWH system can provide up to two days of energy autonomy for most of the small households and remote communities in the region.
In the past year, VFlowTech has been actively delivering energy storage solutions to Independent Power Producers (IPP), Energy Procurement & Construction (EPC) and other users worldwide.
FinSMEs
07/10/2021