,Singapore

VFlowTech secures US$3m in pre-Series A funding

The financing was led by Wavemaker Partners.

Energy storage solutions provider VFlowTech has secured $4.07m (US$3m) in pre-Series A funding round led by Wavemaker Partners, with participation from SEEDS Capital, Sing Fuels and other unnamed angel investors.

The Singapore-based startup initially raised more than $1m (US$800k) in its seed funding round with participation from Temasek Foundation and Enterprise Singapore.

The company plans to use the new funds to expand business operations and has plans to scale the manufacturing of redox flow battery energy storage systems. 

In the past year, VFlowTech has been actively delivering its energy storage solutions to Independent Power Producers, Energy Procurement & Construction and other users worldwide. The company has built and deployed high-quality energy storage solutions in Singapore, Japan, and Australia to support multiple applications including powering an entire building for Shinoda Group, a Japan-based client using VFlowTech’s PowerCube battery.

Founded in 2018, VFlowTech’s long-term vision is to drive the world towards energy equity where everyone can access clean energy at affordable pricing. 

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