VFlowTech raises $26.5m to scale energy storage, boost AI energy

This will also fund VFlowTech's global expansion.

VFlowTech has raised $26.5m (US$20.5m) in a new funding round, which will enable it to boost deployment of its energy storage and strengthen AI-driven energy management. 

This funding will enable VFlowTech to scale manufacturing and deployment of its vanadium redox flow batteries (VRFBs), strengthen its AI-driven cloud energy management platform to optimise efficiency and unlock new revenue streams, and develop critical supply chains, including vanadium recycling, electrolyte innovation, and membrane advancements.

VFlowTech also intends to 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.

The funding round was led by venture capital firm Granite Asia. Other participants were new investors, including Antares Ventures, EDBI, MOL PLUS, and PSA Ventures, alongside existing backers such as İnci Holding, UntroD Capital, Pappas Capital, Wavemaker Partners, SEEDS Capital, and Entrepreneurs First.

($1 = US$0.77)