Dynolt Technologies, a deep-tech power electronics startup, has secured USD 1.7 million in a seed funding round led by Transition VC. The round also saw participation from marquee angel investor, Yashowardhan Shah.
Founded in 2022 and headquartered in Bengaluru, Dynolt develops power electronics solutions for clean energy sectors such as e-mobility, energy storage, renewables, and hydrogen.
The company’s current product line includes software-defined power converters for on-board/off-board chargers for two and three wheelers EVs, as well as, swapping stations.
Founded by power electronics engineers Rajesh Sura and Teja Kumar, the startup aims to establish a globally-competitive power conversion capability in India to enable faster adoption of clean energy solutions.
In the e-mobility space, Dynolt has deployed more than 14,000 power converters across the country which have collectively surpassed more than 30 million charging cycles. These milestones have solidified the company’s position as a key power semiconductor player in the rapidly growing EV sector.
Through this funding, Dynolt plans to expand its footprint in mobility through higher power chargers—with wide bandgap semiconductors—for fast charging stations. The company also plans to enter new sectors like solar and hydrogen with its solutions for high frequency inverters and DC-DC converters application.
Commenting on its maiden funding, Rajesh Sura, Co-founder and CEO of Dynolt Technologies said, “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, while enabling us to strengthen our leadership in next-generation power conversion products.”
“Energy transition is nearly impossible without advancements in power electronics. Dynolt’s innovations will accelerate this transition—making it faster, more affordable, and significantly more efficient. Power electronics is the key enabler for scaling renewables, EVs, and modern grids, and we are at the forefront of this transformation in India,” said Raiyaan Shingati, Co-founder & Managing Partner, Transition VC.
Vishal Gawai
Verified JournalistVishal Gawai is the founder of TheIndiaBizz, a media and information platform in India that offers in-depth coverage of the country's startup ecosystem.