Deeptech startup Dynolt Technologies has bagged $1.7 million in its seed funding round, led by Transition VC, with participation from marquee angel investor Yashowardhan Shah.
Dynolt Technologies, started in 2022 by Rajesh Sura and Teja Kumar, focuses on creating power electronics solutions for electric vehicles (e-mobility), energy storage, renewable energy, and hydrogen.
This comes as Tesla is officially starting to hire in India, and AI is helping to tackle energy challenges.
Dynolt boasts expertise in software-defined power converters, allowing better power management through software integration. They mention that their technology is designed to be scalable and reusable, which speeds up the development of products across different sectors.
The startup plans to use the funds to expand its presence in the e-mobility sector. It will use higher-power chargers with wide bandgap semiconductors for fast charging stations.
Rajesh Sura, co-founder and CEO of Dynolt Technologies, told Entrepreneur, “We’re on a mission to redefine the future of clean energy in India. This investment will help us expand into critical sectors like battery energy storage systems (BESS), renewable energy, and hydrogen while strengthening our leadership in next-generation power conversion solutions.”
Meanwhile, Raiyaan Shingati, co-founder and managing partner at Transition VC, stated that advancements in power electronics are essential for energy transition. He emphasised that Dynolt’s innovations will facilitate this change, enhancing the efficiency, scalability, and cost-effectiveness of renewable energy and electric vehicles.
Dynolt Technologies claims to have deployed over 14,000 power converters across India, surpassing 30 million charging cycles. Yulu, Yuma Energy, EMO Energy, and River are some clients that have used their technology.
Additionally, the company mentioned its interest in exploring solar and hydrogen energy solutions with high-frequency inverters and DC-DC converters.
As numerous companies emerge with technologies for clean energy solutions, India’s progress in electric vehicles and renewable energy appears to be advancing effectively.
