VFlowTech, a provider of long-duration energy storage solutions, has raised USD 20.5 million (approximately INR 175 crore) in a funding round aimed at expanding its manufacturing and deployment capabilities in India. The company plans to upgrade its current 100 MWh manufacturing facility to a full-scale Gigafactory, enhancing production and distribution of its proprietary Vanadium Redox Flow Batteries (VRFB).
The funding round was led by Granite Asia, with participation from Antares Ventures, EDBI, MOL PLUS, PSA Ventures, and returning investors including Inci Holding, UntroD Capital, Pappas Capital, Wavemaker Partners, SEEDS Capital, and Entrepreneurs First. According to the company, this investment underscores growing confidence in VRFB technology as a critical enabler for grid stability in renewable energy systems and a strategic asset for India’s decarbonisation objectives.
Avishek Kumar, Co-Founder and Chief Executive Officer of VFlowTech, stated “India stands at a pivotal moment in its clean energy transformation. This capital infusion supports our objective of advancing sustainable energy storage infrastructure in one of the world’s fastest-growing renewable energy markets.”
Anand Anupam, Chief Commercial Officer, noted “India offers significant potential for energy transition, given its aggressive renewable targets and increasing need for grid reliability. Our long-duration, AI-integrated storage systems are positioned to play a key role in delivering 24/7 clean energy across the country.”
Founded in 2018, VFlowTech has developed a proprietary vanadium redox flow battery platform, designed to provide safe, scalable, and environmentally sustainable energy storage. The system offers an operational lifespan exceeding 25 years, and supports long-duration energy discharge, making it suitable for both utility-scale and distributed renewable energy applications. This investment will allow VFlowTech to deepen its presence in India’s energy ecosystem, contribute to the government’s energy transition goals, and advance local manufacturing under the Make in India initiative.
