Dynolt Technologies Secures Funding for Clean Energy Solutions Expansion
Key Ideas
- Dynolt Technologies, a Bengaluru-based startup, secured a USD 1.7 million seed funding round led by Transition VC and angel investor Yashowardhan Shah.
- The company focuses on developing cutting-edge power electronics solutions for clean energy sectors like e-mobility, energy storage, renewables, and hydrogen.
- Dynolt's products have gained traction with key clients in the e-mobility space, deploying over 14,000 power converters across India for more than 30 million charging cycles.
- The funding will support the company's expansion into critical sectors like battery energy storage systems, renewable energy, and hydrogen, along with plans for mobility footprint and entry into solar and hydrogen sectors.
Dynolt Technologies, a deep-tech power electronics startup founded in 2022 and headquartered in Bengaluru, has successfully secured USD 1.7 million in seed funding. This funding round was led by Transition VC and saw participation from angel investor Yashowardhan Shah. The startup is known for developing advanced power electronics solutions for clean energy applications such as e-mobility, energy storage, renewables, and hydrogen. With a focus on robust R&D, Dynolt's products are built on a strong technology stack that enables efficient control of power converters through embedded software. The company's product line includes software-defined power converters for on-board/off-board chargers for two and three-wheeler EVs, as well as swapping stations. Founded by power electronics engineers Rajesh Sura and Teja Kumar, Dynolt aims to establish a globally competitive power conversion capability in India to drive the adoption of clean energy solutions. The company has already made significant progress by securing partnerships with major clients in the e-mobility sector, deploying thousands of power converters that have collectively completed millions of charging cycles. The Co-founder & CEO of Dynolt Technologies, Rajesh Sura, expressed enthusiasm about the funding, highlighting the company's mission to revolutionize the clean energy landscape in India. The investment will support Dynolt's expansion into crucial sectors like battery energy storage systems, renewable energy, and hydrogen, further solidifying its position as a leader in next-generation power conversion products. Transition VC's Co-founder & Managing Partner, Raiyaan Shingati, emphasized the importance of power electronics in advancing energy transition, praising Dynolt's innovations for accelerating this transformation to make it more efficient and affordable. With the funding, Dynolt plans to enhance its presence in the mobility sector by developing higher power chargers using wide bandgap semiconductors for fast charging stations. Additionally, the company intends to enter new domains like solar and hydrogen by offering solutions for high-frequency inverters and DC-DC converters applications, showcasing its commitment to driving innovation and sustainability in the clean energy space.