Transition VC is leading the $1.7 million initial round for deeptech firm Dynolt Technologies. Yashowardhan Shah, a marquee angel investor, took part in the round as well.

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.

Power electronics solutions for clean energy industries like e-mobility, energy storage, renewables, and hydrogen are developed by Dynolt, which was founded in 2022 by Rajesh Sura and Teja Kumar.

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

It speeds up product development cycles by making Dynolt's solutions scalable and reusable across multiple domains and enabling effective control of the power converters through embedded software.

EMO Energy, Sandhar, Bounce, International Battery Company, Numeros Motors, Yulu, Yuma Energy, and River are among the clients of the Bengaluru-based startup that have embraced its solutions on a large scale.

Power converters for two- and three-wheeler EV on-board/off-board chargers as well as swapping stations are currently part of the company's product line.

Additionally, the business wants to get more involved in new industries like solar and hydrogen. Dynolt hopes to support the energy transition by facilitating more sustainable and effective power generation and storage solutions by utilizing its experience with high-frequency inverters and DC-DC converters. By creating high-power chargers for fast-charging stations and employing wide bandgap semiconductors to boost efficiency, the company also intends to expand its mobility product line.

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”.