Teja Kumar and Rajesh Sura, Co-founders, Dynolt Technologies.
| Photo Credit: SPECIAL ARRANGEMENT

Dynolt Technologies, a deep-tech power electronics start-up, has secured $1.7 million in a seed funding round led by Transition VC. The round also saw participation from marquee angel investor, Yashowardhan Shah.

Through this funding, Dynolt plans to expand its footprint in mobility through higher power chargers — with wide bandgap semiconductors — for fast charging stations. The company also plans to enter new sectors like solar and hydrogen with its solutions for high frequency inverters and DC-DC converters application, said a press release.

Founded by power electronics engineers Rajesh Sura and Teja Kumar, the start-up aims to establish a globally-competitive power conversion capability in India to enable faster adoption of clean energy solutions.  Backed by a strong R&D, the start-up’s products are built around a robust technology stack, the release said. It enables efficient control of the power converters using embedded software, and makes Dynolt’s products scalable and reusable across various domains — thereby expediting product development cycles, it added.

On its maiden funding, Sura said, “We are 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, renewable energy, and hydrogen, while enabling us to strengthen our leadership in next-generation power conversion products.”

Shoeb Ali, Managing Partner of Transition VC added, “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.”