A VFD pump is a Variable Frequency Drive pump. It will convert 1 phase to 3 phase typically and some can also act as a soft start depending on the size of the pump.
Its used in places where three phase is not available where you need three phase power to power a three phase pump. Normally, you would size the pump seperately and use a VFD to supply the 3 phase from the single source, but this is a cost-effective alternative.