VFlowTech, a New Delhi, India-based provider of sustainable energy storage solutions, raised $20.5M in funding.
The round was led by Granite Asia, with participation from Antares Ventures, EDBI, MOL PLUS, PSA Ventures, and returning investors including İnci Holding, UntroD Capital, Pappas Capital, Wavemaker Partners, SEEDS Capital, and Entrepreneurs First.
The company intends to use the funds for its strategic expansion into India’s clean energy sector, scaling up hiring across engineering, research and operations talent in the country, advancing vanadium recycling, and creating innovation around electrolyte manufacturing in India to build local supply chain efficiencies.
Established in 2018, VFlowTech is a deep tech company advancing vanadium redox flow battery (VRFB) systems and hybrid batteries for long-duration energy storage. Complementing its long duration energy storage systems is an AI-driven cloud energy management platform designed to manage, monitor and optimise energy usage across distributed renewable assets and provide energy trading as well as ancillary services for the grid.
Since its inception, the company has deployed its long-duration energy storage systems across more than 10 countries worldwide.
FinSMEs
14/05/2025