\title{Grothendieck Categories of Enriched Functors} \author{Hassan Al Hwaeer} \address{Department of Mathematics, Swansea University, Singleton Park, Swansea SA2 8PP, United Kingdom} \author{Grigory Garkusha} \address{Department of Mathematics, Swansea University, Singleton Park, Swansea SA2 8PP, United Kingdom} \keywords{Grothendieck categories, enriched categories, model categories} \subjclass[2010]{18E15, 18E30, 18G55} \begin{abstract} It is shown that the category of enriched functors $[\cc C,\cc V]$ is Grothendieck whenever $\cc V$ is a closed symmetric monoidal Grothendieck category and $\cc C$ is a category enriched over $\cc V$. Localizations in $[\cc C,\cc V]$ associated to collections of objects of $\cc C$ are studied. Also, the category of chain complexes of generalized modules $\Ch(\cc C_R)$ is shown to be identified with the Grothendieck category of enriched functors $[\modd R,\Ch(\Mod R)]$ over a commutative ring $R$, where the category of finitely presented $R$-modules $\modd R$ is enriched over the closed symmetric monoidal Grothendieck category $\Ch(\Mod R)$ as complexes concentrated in zeroth degree. As an application, it is proved that $\Ch(\cc C_R)$ is a closed symmetric monoidal Grothendieck model category with explicit formulas for tensor product and internal Hom-objects. Furthermore, the class of unital algebraic almost stable homotopy categories generalizing unital algebraic stable homotopy categories of Hovey--Palmieri--Strickland~\cite{HPS} is introduced. It is shown that the derived category of generalized modules $\cc D(\cc C_R)$ over commutative rings is a unital algebraic almost stable homotopy category which is not an algebraic stable homotopy category. \end{abstract}