Dynolt Technologies Secures Seed Funding to Expand Clean Energy Solutions
Key Ideas
- Dynolt Technologies, a Bengaluru-based startup, secured a $1.7 million seed funding round led by Transition VC and angel investor Yashowardhan Shah.
- The funding will enable Dynolt to expand its product lineup to include higher power chargers with wide bandgap semiconductors for fast charging stations and enter new sectors like solar and hydrogen.
- The company's innovative technology stack allows for efficient power converter control using embedded software, making its products scalable and reusable across various applications.
- Transition VC expressed confidence in Dynolt's ability to accelerate India's energy transition with its power electronics solutions for renewables, EVs, and modern grids.
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 Yashowardhan Shah. Founded in 2022, Dynolt specializes in developing power electronics solutions for clean energy applications like e-mobility, energy storage, renewables, and hydrogen. The company's technology stack allows for efficient power converter control using embedded software, making its products scalable and reusable across different domains. With the new funding, Dynolt plans to expand its product lineup to include higher power chargers with wide bandgap semiconductors for fast charging stations. Additionally, the startup aims to enter new sectors such as solar and hydrogen with solutions for high-frequency inverters and DC-DC converters. Dynolt's co-founder & CEO, Rajesh Sura, highlighted the company's mission to redefine clean energy in India by expanding into critical sectors like battery energy storage systems, renewable energy, and hydrogen. The innovative power conversion technology developed by Dynolt has already been adopted by various clients in India, with over 14,000 power converters deployed across the country. Transition VC, the leading investor, emphasized the importance of power electronics in accelerating the energy transition, praising Dynolt's role in making the transition faster, more affordable, and efficient. The VC fund envisions Dynolt's power conversion solutions playing a key role in achieving India's energy transition goals by focusing on mobility, solar, battery energy storage systems, and the hydrogen value chain. Transition VC is dedicated to offsetting carbon emissions through investments in breakthrough technologies that deliver strong financial returns.