Dynolt Technologies, a Bengaluru-based startup specializing in power electronics for clean energy, has successfully raised $1.7 million in seed funding. The investment round was led by Transition VC, with additional support from angel investor Yashowardhan Shah.
Founded in 2022, Dynolt is focused on creating power electronics solutions for sectors such as e-mobility, energy storage, renewables, and hydrogen. The company’s technology uses embedded software to optimize power converter control, making their products versatile and scalable across different industries. Their current portfolio includes software-defined power converters designed for electric vehicle (EV) charging stations and battery swapping stations.
The company plans to use this funding to expand its product range, including the development of high-power chargers utilizing wide-bandgap semiconductors for fast-charging stations. Additionally, Dynolt aims to venture into new areas such as solar and hydrogen, with products like high-frequency inverters and DC-DC converters.
Rajesh Sura, Co-founder and CEO of Dynolt Technologies, said, “We are committed to redefining clean energy solutions in India. This funding will accelerate our expansion into key sectors like battery energy storage, renewable energy, and hydrogen, while reinforcing our leadership in next-gen power conversion technologies.”
Dynolt was founded by power electronics engineers Rajesh Sura and Teja Kumar, and aims to establish globally competitive power conversion technologies in India. The company’s products are already being used by notable clients including EMO Energy, Sandhar, Bounce, International Battery Company, Numeros Motors, Yulu, Yuma Energy, and River. With over 14,000 power converters deployed across India, Dynolt has surpassed 30 million charging cycles.
Raiyaan Shingati, Co-founder and Managing Partner at Transition VC, emphasized the importance of power electronics in energy transition, stating, “Dynolt’s innovations will play a pivotal role in accelerating India’s transition to cleaner, more efficient energy systems. Power electronics are fundamental to scaling up renewables, electric vehicles, and modern grids.”
Shoeb Ali, Co-founder and Managing Partner of Transition VC, also commented, “Dynolt is at the forefront of developing critical power electronics for the energy transition, including mobility, solar, battery energy storage systems, and hydrogen. We believe their solutions will support the complete energy transition ecosystem in India.”
Dynolt’s core intellectual property lies in its innovative use of general-purpose microcontrollers and software, replacing traditional application-specific integrated circuits (ASICs). This approach helps lower costs, reduce design turnaround times, and improve efficiency. Transition VC, India’s first energy transition-focused venture capital fund, seeks to drive carbon reduction efforts and generate strong returns by investing in transformative energy technologies.
