VFlowTech raises US$20.5 mil to scale long-duration energy storage and enhance AI-driven energy management

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VFlowTech raises US$20.5 mil to scale long-duration energy storage and enhance AI-driven energy management - Digital News Asia

Quick Summary:

Funds will support expansion across Asia, the Middle East & other global markets

Round led by Granite Asia, with new investors Antares Ventures, MOL Plus & PSA Ventures VFlowTech, a Singapore-based leader in long-duration energy storage solutions, has raised USD 20.5 million (RM96 million) in its latest funding round.

According to VFlowTech, the funding will enable it to scale the manufacturing and deployment of its proprietary vanadium redox flow batteries, enhance 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.