Transition VC is leading the $1.7 million seed round for deeptech startup 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 enter 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 makes Dynolt’s products scalable and reusable across multiple domains, speeding up product development cycles and enabling effective control of the power converters through embedded software.
The company’s solutions have been widely adopted by EMO Energy, Sandhar, Bounce, International Battery Company, Numeros Motors, Yulu, Yuma Energy, and River, among other clients of the Bengaluru-based startup.
The company’s current product line consists of power converters for swapping stations and on-board/off-board chargers for EVs with two or three wheels.
