TLDR:
- VFlowTech, a Singapore-based vanadium redox flow batteries storage solution provider, secures extended Series A funding from PSA unboXed.
- The partnership signifies a shared commitment to advancing sustainable energy solutions and will help open up new avenues for innovation and collaboration.
Singapore-based VFlowTech has successfully secured extended Series A funding from PSA unboXed, the corporate venture capital and innovation arm of PSA International. The funding will enable VFlowTech to continue its growth in the Asia Pacific energy storage market and venture into hybrid long-duration energy storage solutions. Dr. Avishek Kumar, Co-Founder of VFlowTech, emphasized the importance of multi-party collaboration in addressing the complex challenge of achieving net-zero and the necessity for infrastructure to support the commercialization of alternative clean energy technologies.
By joining existing investors and partners like Real Tech Holdings, SEEDS Capital, and Wavemaker Partners, PSA aims to leverage VFlowTech’s expertise in long-duration energy storage solutions to enhance its capabilities in Battery Energy Storage System and Smart Grid Management System in the port area. The partnership between VFlowTech and PSA unboXed reflects a shared commitment to advancing sustainable energy solutions and promoting innovation and collaboration in the energy storage ecosystem.
VFlowTech plans to use the investment to expand its manufacturing capacity and increase research and development activities. In addition to its current manufacturing facility in Singapore, the company is also expanding its capabilities in India. By producing perfluorinated polymeric ion exchange membranes in-house, VFlowTech aims to improve performance and reduce production costs, ultimately lowering the overall costs of its PowerCube batteries for industries worldwide.
Overall, the extended Series A funding from PSA unboXed not only provides financial support for VFlowTech’s growth and expansion but also signifies a strategic partnership focused on advancing sustainable energy solutions and driving innovation in the energy storage sector.
