What does VFlowTech do?
VFlowTech is a deep tech company that develops sustainable energy storage solutions, including vanadium redox flow batteries and hybrid batteries for long-duration energy storage, complemented by an AI-driven cloud energy management platform.
How much did they raise?
The company raised USD 20.5M in a funding round led by Granite Asia, with participation from Antares Ventures, EDBI, MOL PLUS, PSA Ventures, İnci Holding, UntroD Capital, Pappas Capital, Wavemaker Partners, SEEDS Capital, and Entrepreneurs First.
What are their plans for the money?
VFlowTech plans to use the funds for strategic expansion in India's clean energy market by scaling its engineering, research, and operations teams, advancing vanadium recycling techniques, and innovating electrolyte manufacturing to improve local supply chain efficiencies.
What have they achieved so far?
Since its establishment in 2018, VFlowTech has deployed its long-duration energy storage systems across more than 10 countries, demonstrating significant progress in sustainable energy innovation.
