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VFlowTech, a leading provider of sustainable long-duration energy storage solutions, has raised $20.5 million (approximately ₹170 crore) to support its expansion in India’s clean energy sector. The funding will help the company scale its existing 100 MWh manufacturing plant into a Gigafactory and accelerate the rollout of its Vanadium Redox Flow Batteries (VRFBs) in India's rapidly growing renewable energy market.
The funding round was led by Granite Asia and saw participation from Antares Ventures, EDBI, MOL PLUS, PSA Ventures, along with returning investors such as İnci Holding, UntroD Capital, Wavemaker Partners, and SEEDS Capital.
VFlowTech’s VRFB technology provides over 25 years of life, high safety, and deep discharge capability with no degradation, making it a superior alternative to lithium-ion batteries for utility-scale, microgrid, and commercial applications. Additionally, the company’s AI-powered cloud energy management platform enhances energy optimization, grid services, and energy trading.
Dr. Avishek Kumar, Co-founder and CEO of VFlowTech, stated, “This investment is not just about bringing advanced technology to India but about building a digital energy backbone for the country. We aim to develop BESS systems tailored to India’s grid needs while creating local jobs and innovation opportunities.”
VFlowTech is currently in advanced talks with renewable energy developers and industrial clients in India to deploy up to 1 GWh of VRFB systems. The company also plans to innovate in vanadium recycling and electrolyte manufacturing to strengthen local supply chains.
Anand Anupam, Chief Commercial Officer at VFlowTech, emphasized, “India’s growing demand forrenewable energy and grid stability makes our long-duration storage and AI-integrated technologies a perfect fit for its clean energy future.”
This investment marks a critical turning point for India’s large-scale adoption of sustainable energy storage, contributing significantly to Prime Minister Narendra Modi’s ‘Panchamrit’ goals — including the target of 500 GW non-fossil fuel-based capacity by 2030.
