Debt financing
Drone-focused energy-tech co. Dreamfly Innovations raises Rs.3-Cr from SIDBI
Bengaluru-based energy-tech startup Dreamfly Innovations has raised INR 3 crore in non-dilutive venture debt from SIDBI.Founded in 2022 by Saurabh Markandeya and Kajal Shah, Dreamfly Innovations designs and manufactures advanced smart battery systems for drones, aviation, and aerospace applications, focusing on lithium solid-state and graphene-based batteries.The new funds will be used to support working capital and expand manufacturing capacity.
In Dec 2024, Dreamfly Innovations had attracted about USD 1 M from Avaana Capital, Sunicon Ventures and others.
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