Singapore firm VFlowTech raises US$10 million for 200MWh vanadium flow battery factory

LinkedIn
Twitter
Reddit
Facebook
Email

Singapore-based VFlowTech has raised a US$10 million Series A to set up a manufacturing facility and scale up production of its 250kWh vanadium flow battery product.

The Series A funding round was led by Japan-based VC firm Real Tech Holdings with participation from existing investors SEEDS Capital, Wavemaker Partners, oil and gas firm Sing Fuels and VFlowTech chairman Michael Gryseels. İnci Holding, Pappas Capital and Carbon Zero Venture Capital joined as new investors.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

VFlowTech will use the funds to set up a new manufacturing facility for building its vanadium redox flow battery (VRFB) solution, PowerCubes, with an annual production capacity of 200MWh.

The facility will manufacture 250kWh systems. To-date the firm has mainly deployed 30kWh and 100kWh units for residential applications has now completed the production of a MWh system for large-scale microgrid applications.

The company will also use the capital to expand its market presence to Turkey (where İnci Holding is based), the US, Japan and India with its new partners, invest in R&D to improve its technology and increase its system capacity, and strengthen its management team.

VFlowTech was partially spun out of Nanyang Technical University and holds IP developed by the academic institution. PowerCubes are designed to be durable over a 25-year lifetime.

The Series A comes around 18 months after it raised US$3 million in a pre-Series A financing round, reported by Energy-Storage.news at the time.

VFlowTech has its own energy management system (EMS) platform which it says features optimal charging profiles, smart pump and stack management and smart charging and discharging.

In September 2022, it signed an MoU with global liquid storage logistics group Advario to deploy its systems at the latter’s terminal facilities.

Energy-Storage.news’ publisher Solar Media will host the 1st Energy Storage Summit Asia, 11-12 July 2023 in Singapore. The event will help give clarity on this nascent, yet quickly growing market, bringing together a community of credible independent generators, policymakers, banks, funds, off-takers and technology providers. For more information, go to the website.

11 November 2025
San Diego, USA
The 2024 Summit included innovative new features including a ‘Crash Course in Battery Asset Management’, Ask-Me-Anything formats and debate-style sessions. You can expect to meet and network with all the key industry players again in 2025 from major US asset owners, operators, RTOs and ISOs, optimizers, software and analytics providers, technical consultancies, O&M technology providers and more.

Read Next

July 11, 2025
Allegro Energy, an Australian-based developer of water-based redox flow battery energy storage solutions, has claimed its microemulsion flow battery (MeFB) could be tailored to support the “exponential growth” of data centres.
July 10, 2025
IPP Lydian Energy has successfully closed on a US$233 million project financing for three battery energy storage system (BESS) projects in Texas, US.
July 10, 2025
The US Environmental Protection Agency (EPA) has entered into a settlement agreement with IPP LS Power to direct cleanup after a lithium-ion battery fire at the company’s Gateway energy storage facility in San Diego, California. 
July 10, 2025
Zen Energy has received approval for a 200MW solar-plus-storage project, which could feature a BESS between 4 and 8 hours in duration.
July 10, 2025
Australia’s DCCEEW has announced plans to streamline the Capacity Investment Scheme (CIS) by transitioning to a one-stage process.

Most Popular

Email Newsletter