Dynolt Technologies Secures $1.7 Million Funding for Clean Energy Solutions in Bengaluru
Key Ideas
  • Dynolt Technologies, a Bengaluru-based startup, raised $1.7 million in a seed funding round led by Transition VC and angel investor Yashowardhan Shah.
  • The funding will support the development of fast charging stations, wide bandgap semiconductors, and higher power chargers for e-mobility, solar, and hydrogen markets.
  • Dynolt Technologies aims to expand its clean energy solutions, including battery energy storage systems and hydrogen technologies, to drive the adoption of renewable energy in India.
Dynolt Technologies, a deeptech startup based in Bengaluru, has recently secured $1.7 million in a seed funding round led by Transition VC and angel investor Yashowardhan Shah. The company, founded in 2022 by Rajesh Sura and Teja Kumar, focuses on accelerating the adoption of clean energy solutions through cutting-edge technologies for mobility, renewable energy, storage, and hydrogen. The funding will be used to enhance Dynolt's mobility footprint by developing fast charging stations utilizing wide bandgap semiconductors and higher power chargers. Additionally, the company plans to enter new markets such as solar and hydrogen with solutions for high frequency inverters and DC-DC converters. With over 14,000 power converters installed nationwide, generating more than 30 million charging cycles, Dynolt has established a strong presence in the e-mobility sector. Co-Founder Rajesh Sura emphasized that the investment will drive the company's expansion into key sectors like battery energy storage systems, renewable energy, and hydrogen, aiming to redefine the future of clean energy in India. Dynolt Technologies' innovative approach towards clean energy solutions reflects the growing trend of startups in India securing funding across various sectors, showcasing a promising outlook for the country's startup ecosystem.
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