Dynolt Technologies, a deep-tech power electronics startup, has raised $1.7 million in a seed funding round led by Transition VC, with participation from angel investor Yashovardhan Shah.
The funds raised will be raised will be used to develop higher power chargers using wide bandgap semiconductors for fast charging stations. It also intends to expand into solar and hydrogen sectors with high-frequency inverters and DC-DC converters.
Rajesh Sura, Co-founder & 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.
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.”
Founded in 2022 by Rajesh Sura and Teja Kumar, Dynolt designs power electronics solutions for e-mobility, energy storage, renewables, and hydrogen. The company develops power converters using embedded software, allowing scalability across various applications. Its product line includes software-defined power converters for EV charging, swapping stations, and on-board/off-board chargers for two- and three-wheeler EVs.
The company provides power conversion solutions to clients such as EMO Energy, Sandhar, Bounce, International Battery Company, Numeros Motors, Yulu, Yuma Energy, and River.
Dynolt claims to have deployed over 14,000 power converters in India, completing more than 30 million charging cycles. The company operates an R&D center in Bengaluru with a team of over 50 engineers.
