The Indian startup ecosystem has set a new record by bagging another round of funding in a few sectors like Deeptech, Advertising, Technology, IoT, and Food & Beverage marks another win for the startupreneurs by raising funds and updating the growth probability and standardizing the products and services. The week went by successfully witnessing funds in every stage of funding from Seed, Pre-Series A, Series A, Series A1, Series B, Series C.

Funding News: Deeptech Startup 'Dynolt Technologies' bags $1.7 million in Seed round

Startup: Dynolt Technologies

Founders: Rajesh Sura and Teja Kumar

About us: At Dynolt, they are accelerating the adoption of clean energy solutions with cutting-edge technologies for mobility, renewable energy, storage, and Hydrogen. Their advanced converters and energy-efficient technologies are redefining how energy is harnessed, stored, and utilized.

Founded Year: 2022

Office: Bengaluru

Sector: Deeptech

Funding Round: Seed

Investors: Yashowardhan Shah, a marquee angel investor

Transition VC is leading the $1.7 million initial round for deeptech firm Dynolt Technologies.

The money raised will be utilized to increase its mobility footprint by developing fast charging stations that use wide bandgap semiconductors and higher power chargers. With its solutions for high frequency inverters and DC-DC converters, it also intends to access new markets like solar and hydrogen.

According to Dynolt, the e-mobility company has installed over 14,000 power converters nationwide, which have accumulated over 30 million charging cycles.

On this crucial funding round, Rajesh Sura, Co-Founder, Dynolt Technologies says, “We’re on a mission to redefine the future of clean energy in India. This investment will fuel our expansion into critical sectors like battery energy storage systems (BESS), renewable energy, and hydrogen”.

Website: www.dynolt.com