Dynolt Technologies, a deep-tech power electronics startup based in Bengaluru, has successfully raised $1.7 million in a seed funding round led by Transition VC and angel investor Yashowardhan Shah. The startup, specializing in clean energy solutions for sectors like e-mobility, energy storage, renewables, and hydrogen, is known for its robust technology stack enabling efficient power converter control through embedded software. The funding infusion will fuel Dynolt's expansion in the electric mobility realm by developing high-power chargers utilizing wide-bandgap semiconductors for rapid charging infrastructure. These semiconductors offer enhanced electric field and thermal stability compared to traditional silicon-based devices, leading to higher efficiency and reduced cooling system requirements. In addition to the electric mobility sector, Dynolt has strategic plans to venture into the solar and hydrogen industries with its focus on high-frequency inverters and DC-DC converters, along with battery energy storage systems. With a product line that includes software-defined power converters for various applications like on-board/off-board chargers and electric vehicles, the company has already deployed over 14,000 power converters nationally, accumulating more than 30 million charging cycles. Rajesh Sura, the Co-founder & CEO of Dynolt Technologies, expressed that the funding will facilitate the company's expansion into battery storage, renewable energy, and hydrogen sectors while bolstering the development of next-gen power conversion products. The positive outlook for the company aligns with the data from Mercom Capital Group's report, indicating a 5% increase in corporate funding for energy storage companies in the fourth quarter of 2024, showcasing a promising market trend.