With this funding, Dynolt plans to expand into higher power chargers with wide bandgap semiconductors for fast charging stations.
18 Feb 2025 | 3360 Views | By Arunima Pal
Dynolt Technologies, a deep-tech power electronics startup, has raised $1.7 million in a seed funding round led by Transition VC. The round also saw participation from angel investor Yashowardhan Shah.
Founded in 2022 and based in Bengaluru, Dynolt develops power electronics solutions for clean energy applications, including e-mobility, energy ...
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Dynolt Technologies, a deep-tech power electronics startup, has raised $1.7 million in a seed funding round led by Transition VC. The round also saw participation from angel investor Yashowardhan Shah.
Founded in 2022 and based in Bengaluru, Dynolt develops power electronics solutions for clean energy applications, including e-mobility, energy storage, renewables, and hydrogen. The company’s technology stack enables efficient power converter control using embedded software, making its products scalable and reusable across various domains. Its current product lineup includes software-defined power converters for EV charging solutions and swapping stations.
With this funding, Dynolt plans to expand into higher power chargers with wide bandgap semiconductors for fast charging stations. It also intends to enter new sectors like solar and hydrogen with solutions for high-frequency inverters and DC-DC converters.
Rajesh Sura, Co-founder & CEO of Dynolt Technologies, stated, “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.”
Dynolt was founded by power electronics engineers Rajesh Sura and Teja Kumar. The startup aims to build globally competitive power conversion technology in India. Its products are already in use by clients such as EMO Energy, Sandhar, Bounce, International Battery Company, Numeros Motors, Yulu, Yuma Energy, and River. The company has deployed over 14,000 power converters across India, surpassing 30 million charging cycles.
Raiyaan Shingati, Co-founder & Managing Partner at Transition VC, added, “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.”
Shoeb Ali, Co-founder & Managing Partner of Transition VC said, “Power electronics are critical for achieving India's energy transition goals. Dynolt is building power electronics for mobility, solar, battery energy storage systems, and the hydrogen value chain. We envision Dynolt offering power conversion solutions for the complete energy transition domain." Dynolt's core IP lies in control systems using general-purpose microcontrollers and software instead of traditional application-specific integrated circuits (ASIC). This helps reduce cost and design turnaround time and improves efficiency, he added.
Transition VC is India’s first Energy Transition-focused VC fund which aims to offset 40 million tons of carbon emissions by investing in breakthrough technologies while delivering strong financial returns for its investors.