Battery-tech startup Dreamfly Innovations raises $300-K from Rebalance, CIIE

Bengaluru-based battery-tech startup Dreamfly Innovations has raised USD 300,000 in an angel round led by Rebalance Angel Community with participation from IIMA-promoted CIIE. The startup plans to use the raised funds for product commercialization and team expansion as it aims to reshape the future of energy through Software-Defined Battery (SDB) technology. Founded in 2022 by Saurabh Markendeya and Kajal Shah, Dreamfly offers high-performance, non-flammable, 10x durable graphene-based battery solutions. The startup has developed a flagship product, the Graphene Battery, for the drone and aviation industry, which claims to offer extended lifespan, rapid charging, and operational cost efficiency.