VFlowTech Raises Rs 1.7 Bn to Boost Battery Ops in India
POWER & RENEWABLE ENERGY

VFlowTech Raises Rs 1.7 Bn to Boost Battery Ops in India

Singapore-based energy storage firm VFlowTech has raised Rs one point seven billion (USD twenty point five million) to expand its operations in India. The funding round, led by Granite Asia, will support the upgrade of its one hundred megawatt-hour plant into a gigafactory and scale deployment of Vanadium Redox Flow Batteries.

Investors include Antares Ventures, EDBI, MOL PLUS, PSA Ventures, and existing backers like İnci Holding, UntroD Capital, and Wavemaker Partners.

The company plans to enhance its engineering and research workforce, and roll out locally manufactured battery energy storage systems suited to India’s grid requirements. Its artificial intelligence platform aims to optimise energy management while supporting local job creation.

VFlowTech is also in discussions with renewable energy developers and industrial clients to deploy up to one gigawatt-hour of storage capacity over the coming years.

Founded in 2018, the company focuses on vanadium redox flow battery technology for long-duration storage. With existing grid-scale and microgrid projects already in place, VFlowTech’s latest funding marks a significant step toward clean and intelligent energy solutions in India.

Source:Mint  

Singapore-based energy storage firm VFlowTech has raised Rs one point seven billion (USD twenty point five million) to expand its operations in India. The funding round, led by Granite Asia, will support the upgrade of its one hundred megawatt-hour plant into a gigafactory and scale deployment of Vanadium Redox Flow Batteries.Investors include Antares Ventures, EDBI, MOL PLUS, PSA Ventures, and existing backers like İnci Holding, UntroD Capital, and Wavemaker Partners.The company plans to enhance its engineering and research workforce, and roll out locally manufactured battery energy storage systems suited to India’s grid requirements. Its artificial intelligence platform aims to optimise energy management while supporting local job creation.VFlowTech is also in discussions with renewable energy developers and industrial clients to deploy up to one gigawatt-hour of storage capacity over the coming years.Founded in 2018, the company focuses on vanadium redox flow battery technology for long-duration storage. With existing grid-scale and microgrid projects already in place, VFlowTech’s latest funding marks a significant step toward clean and intelligent energy solutions in India.Source:Mint  

Related Stories

Gold Stories

Next Story
Infrastructure Energy

KPIL announces new business wins worth Rs 22.25 bn

Kalpataru Projects International (KPIL) has secured new orders and a letter of comfort worth approximately Rs 20.31 billion in its power transmission and distribution (T&D) business across India and international markets. Additionally, its Swedish subsidiary, Linjemontage i Grästorp AB, has received an order worth approximately Rs 1.94 billion (SEK 200 million), taking the combined order value to Rs 22.25 billion.Commenting on the order wins, Manish Mohnot, Managing Director and CEO, KPIL, said the new orders reflect customer confidence in the company's execution capabilities and technical ex..

Next Story
Infrastructure Transport

Tiruchi Airport Handles over 20 t of Domestic Cargo in a Month

Tiruchi International Airport has handled more than 20 t of inbound and outbound domestic cargo since the facility was launched in late August. Outbound shipments have exceeded inbound volumes, with private carriers transporting goods to Chennai, Delhi, Bengaluru and Mumbai. The domestic cargo service began after the Bureau of Civil Aviation Security (BCAS), an independent department under the Ministry of Civil Aviation, granted clearance. The facility was introduced to give local businesses a faster route for sending goods to major domestic hubs, reducing their reliance on cargo routed throug..

Next Story
Infrastructure Urban

Gabriel India Forms Joint Venture with Forvia for Advanced Seating

Gabriel India, part of the US$2.6 bn Anand Group, has formed a joint venture with France-based Forvia to bring advanced seating systems and technologies to the Indian automotive market. The partnership expands Gabriel India’s participation in vehicle systems as automotive architectures become more sophisticated and customer requirements evolve. The joint venture, named Faurecia Anand Seating India, combines Forvia’s global seating technology expertise with Gabriel India’s manufacturing capabilities, customer relationships and understanding of the Indian automotive market. Forvia will hol..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code