SG energy storage firm VFlowTech gets $20.5m led by Granite Asia

Singapore-based energy storage company VFlowTech has raised US$20.5 million in its latest funding round.

The round was led by Granite Asia, with participation from new investors Antares Ventures, EDBI, MOL PLUS, and PSA Ventures, along with existing backers İnci Holding, UntroD Capital, and Wavemaker Partners.

The funding will support the production and deployment of VFlowTech’s vanadium redox flow batteries (VRFBs).

The company also plans to enhance its AI-powered energy management platform.

Additionally, it aims to develop supply chains for vanadium recycling and related technologies.

🔗 Source: VFlowTech

🧠 Food for thought

1️⃣ Energy storage investment accelerates amid global energy transition

VFlowTech’s $20.5 million funding round reflects a broader trend of increasing investment in energy storage technologies globally.

In 2024, global energy transition investment reached $2.1 trillion, marking an 11% increase from the previous year, with energy storage identified as a key sector within this investment landscape 1.

The timing of VFlowTech’s funding coincides with projections that energy storage in emerging markets will grow at an annual rate of 40%, potentially adding 80 GW of new storage capacity by 2027 2.

While lithium-ion batteries dominate with 98.8% market share, VFlowTech’s focus on vanadium redox flow batteries represents an alternative approach to address the increasing need for long-duration storage solutions 3.

The company’s emphasis on a 25-year lifespan for their storage technology addresses a critical market need, as grid-scale storage systems need to demonstrate long-term reliability to justify infrastructure investment 4.

2️⃣ Singapore’s strategic positioning as a clean energy innovation hub

VFlowTech’s growth in Singapore aligns with the nation’s broader sustainability ambitions and positioning as a clean energy innovation center.

The Singapore Green Plan 2030 establishes clear national targets, including quadrupling solar energy deployment by 2025 and achieving net-zero emissions by 2050, creating a supportive environment for companies like VFlowTech 5.