New Delhi, May 14—Energy storage innovator VFlowTech has secured USD 20.5 million (approximately ₹175 crore) in a funding round to expand its manufacturing footprint in India and accelerate the deployment of Vanadium Redox Flow Batteries (VRFB) to support the country's growing renewable energy needs.
Funding to Power India Gigafactory Ambitions
The capital infusion will support the transformation of VFlowTech’s current 100 MWh manufacturing plant into a state-of-the-art Gigafactory. This strategic expansion underscores the company’s commitment to enabling large-scale, long-duration energy storage solutions tailored to India’s evolving grid requirements.The round was spearheaded by Granite Asia, with participation from Antares Ventures, EDBI, MOL PLUS, PSA Ventures, and existing backers including İnci Holding, UntroD Capital, Pappas Capital, Wavemaker Partners, SEEDS Capital, and Entrepreneurs First.
Growing Investor Confidence in VRFB Technology
The investment signals robust confidence in VFlowTech’s VRFB systems, crucial to enhancing grid resilience amid India’s rapid clean energy transition.India is at a tipping point in its clean energy journey. With this funding, we are not just bringing advanced energy storage technologies to market — we are shaping the future of sustainable energy infrastructure in the region,” said Avishek Kumar, Co-Founder and CEO of VFlowTech.
Anand Anupam, Chief Commercial Officer, added, “India represents one of the most exciting opportunities for energy transition. With its ambitious renewable energy targets and increasing need for grid stability, coupled with the policy momentum, our long-duration storage and AI-integrated systems are perfect for enabling a reliable, 24/7 clean power future.”
Strategic Outlook
Founded in 2018, VFlowTech focuses on safe, scalable, and sustainable energy storage with a lifespan of over 25 years. The firm’s patented technology positions it uniquely to meet India’s demand for non-lithium storage options amid a national push for energy security and decarbonisation.With India targeting 500 GW of non-fossil fuel capacity by 2030, VFlowTech’s expansion aligns seamlessly with national goals for grid stability and renewable integration.