VFlowTech Secures First Southeast Asia Venture Debt Financing by CCIS

February 19, 2025

VFlowTech Secures First Southeast Asia Venture Debt Financing by CCIS

Singapore, 19 February 2025 – VFlowTech, a leader in long-duration energy storage, is pleased to announce that it has secured a non-dilutive venture debt by CC Innovation Singapore Pte. Ltd. (CCIS) a subsidiary of the Hokkoku Bank Group. This marks the first of such financing in Southeast Asia, a significant milestone for both VFlowTech and CCIS/Hokkoku Bank Group.

The venture debt program by CCIS aims to support startups in the region who are pioneering and leading the way in innovation. The non-dilutive venture debt will support continued growth and address global societal challenges.

“Securing this venture debt funding marks a significant milestone for VFlowTech, reinforcing the confidence that CCIS, Hokkoku Bank, and UntroD have in our vision. This funding enables us to scale our manufacturing operations efficiently while ensuring timely product delivery. By leveraging this debt facility, we can allocate equity more strategically towards R&D and product innovation. We are grateful for the trust and support of our partners as we continue our mission to drive the energy transition and build a future where energy is abundant, reliable, and accessible to all,” said Avishek Kumar, CEO and Co-Founder of VFlowTech.

“We are thrilled to see CCI Singapore diversified capital solutions bolster VFlowTech’s working capital needs,” said Michiaki Kawa, Managing Director of CC Innovation Singapore Pte. Ltd. “This collaboration underscores the growing role of innovative financial instruments in advancing sustainable development across Southeast Asia.”

About VFlowTech
VFlowTech is a Singapore-based provider of vanadium redox flow energy storage systems. Founded with the mission of enabling a sustainable energy future, VFlowTech’s solutions are designed to support the integration of renewable energy, enhance grid stability, and reduce environmental impact. For more information, visit www.vflowtech.com

About CC Innovation Singapore Pte. Ltd. (CCIS)
CC Innovation Singapore Pte. Ltd. (CCIS) is a subsidiary of the Hokkoku Bank Group, dedicated to fostering innovation through its venture debt financing program in Southeast Asia. By offering flexible and non-dilutive funding solutions, CCIS aims to support high-growth startups in driving sustainable growth and innovation across the region.

About UntroD Capital Asia Pte. Ltd. (UCA)
UntroD Capital Asia Pte. Ltd. (UCA) is a Singapore-based venture capital fund supported by the Hokkoku Bank Group. With a focus on investing in deep tech startups, UCA is committed to fostering innovation and driving impactful growth in Southeast Asia and beyond.

Contact

VFlowTech Pte. Ltd.

PR: Rebecca Yeo

marketing@vflowtech.com

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