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Deeptech startup Dynolt Technologies has raised $1.7 million in a seed funding round led by Transition VC, with participation from marquee angel investor Yashowardhan Shah. Founded in 2022 by Rajesh Sura and Teja Kumar, the company specializes in power electronics solutions for electric vehicles (EVs), energy storage, renewable energy, and hydrogen.
With Tesla ramping up hiring in India and AI revolutionizing the energy sector, Dynolt is well-positioned to accelerate innovation in e-mobility. The company’s software-defined power converters enable efficient power management, ensuring scalability and faster product development across industries.
The fresh funds will help Dynolt expand into the e-mobility sector, focusing on high-power chargers with wide bandgap semiconductors for fast-charging stations. CEO Rajesh Sura stated, “We’re on a mission to redefine India’s clean energy future. This investment will propel us into key areas like battery energy storage, renewable energy, and hydrogen.”
Dynolt has deployed over 14,000 power converters, surpassing 30 million charging cycles, serving clients like Yulu, Yuma Energy, EMO Energy, and River. The company also plans to explore solar and hydrogen energy solutions, reinforcing India’s leadership in clean energy and sustainable mobility