Dynolt Technologies Secures $1.7M Funding for Clean Energy Expansion
Key Ideas
- Dynolt Technologies secures $1.7 million in seed funding round led by Transition VC for clean energy solutions.
- The funding will support Dynolt's expansion in mobility with high-power chargers and entry into new sectors like solar and hydrogen.
- Co-founders Rajesh Sura and Teja Kumar, both IIT Bombay alumni, bring over two decades of experience in power electronics engineering.
- Dynolt's innovative power converters have gained traction with leading clients in the e-mobility and clean energy sectors.
Dynolt Technologies, a deep-tech power electronics startup based in Bengaluru, has raised $1.7 million in a seed funding round led by Transition VC, with participation from angel investor Yashovardhan Shah. Founded in 2022, Dynolt focuses on developing power electronics solutions for clean energy sectors such as e-mobility, energy storage, renewables, and hydrogen. With a strong R&D foundation, Dynolt's products are designed around a technology stack that allows efficient control of power converters using embedded software, enabling scalability and reusability across different domains. The company's current product line includes software-defined power converters for EV chargers and swapping stations. Co-founded by engineers Rajesh Sura and Teja Kumar, Dynolt aims to establish power conversion capabilities in India and has already made significant progress in the EV sector. The company plans to expand into mobility with high-power chargers using wide bandgap semiconductors for fast charging stations. Additionally, Dynolt intends to enter new sectors like solar and hydrogen with solutions for high-frequency inverters and DC-DC converters. The co-founders, both IIT Bombay alumni with extensive experience in power electronics, lead a team of engineers in Bengaluru dedicated to accelerating India's transition to clean energy solutions.