Private Equity VC Fund Investments
Power electronics player Dynolt Technologies raises $1.7 M led by Transition VC
Source Entrackr (opens in a new tab)Entrepreneur (opens in a new tab)
Bengaluru-based power electronics startup Dynolt Technologies has raised USD 1.7 million in a seed funding round, led by Transition VC. The round saw participation from angel investor Yashowardhan Shah.The fresh funds will be used to expand the firm's presence in the e-mobility sector by developing higher power chargers with wide bandgap semiconductors for fast-charging stations. The firm also plans to enter sectors such as solar and hydrogen with its solutions for high frequency inverters and DC-DC converters application.Founded in 2022 by Rajesh Sura and Teja Kumar, Dynolt Technologies develops power electronics solutions catering to e-mobility, energy storage, renewables, and hydrogen. It claims to have deployed more than 14,000 power converters across the country which have collectively surpassed more than 30 million charging cycles.