Bagging $1.7 million in seed funding, Bengaluru startup Dynolt Technologies plans to advance EV charging, renewable energy, and storage with cutting-edge converters.
Dynolt Technologies, an Indian startup focused on power electronics, has recently secured $1.7 million in seed funding. The round was led by Transition VC, with prominent angel investor Yashowardhan Shah also participating.
The firm, founded in 2022 by Rajesh Sura and Teja Kumar in Bengaluru, focuses on developing power electronics for sectors like e-mobility, energy storage, renewable energy, and hydrogen.
Aiming to use higher-power chargers to enhance fast charging stations using wide bandgap semiconductors, Dynolt plans to use the funds to grow its footprint in the electric vehicle (EV) sector.
The startup has already gained recognition for its software-defined power converters, which enable better power management by integrating software. Dynolt claims that its scalable and reusable technology accelerates product development across various industries.
Having deployed over 14,000 power converters across India, the firm has completed more than 30 million charging cycles. Its clients include Yulu, Yuma Energy, EMO Energy, and River.
Commenting on the recent funding, Rajesh Sura, the CEO and co-founder, expressed that the investment will help advance the company’s clean energy mission in India, specifically in battery energy storage systems, renewable energy, and hydrogen, while solidifying its position in power conversion solutions.
Raiyaan Shingati, co-founder and managing partner at Transition VC, highlighted the importance of advancements in power electronics for the energy transition. He noted that Dynolt’s innovations would set new milestones in the renewable energy and EV sector.
