Dreamfly Innovations, a Bengaluru-based battery technology startup, has successfully raised Rs 12 crore in its seed funding round. The round was led by Avaana Capital, with additional participation from Sunicon Ventures and existing investors.
Earlier in 2023, the company had raised Rs 4.9 crore in an angel round, supported by Rebalance Angel Community and other backers.
The latest funding will be utilized to establish a manufacturing facility, expand the team, and accelerate research and development to enhance the startup’s innovative battery solutions.
Founded in 2022 by Kajal Shah and Saurabh Markandeya, Dreamfly Innovations specializes in developing advanced battery technology for drone, aviation, and aerospace applications. The company focuses on sectors such as agriculture, terrain mapping, surveillance, and logistics, where reliable and high-performance batteries are essential for operational success.
One of the standout features of Dreamfly’s batteries is their thermal case design, which significantly reduces operating temperatures and mitigates fire risks. The batteries are designed to operate in a broad temperature range, from -30°C to 50°C, making them versatile and suitable for a wide variety of environmental conditions.
The startup has already established a strong customer base, with prominent clients including Tata Advanced Systems, Larsen & Toubro (L&T), and General Aeronautics, a leader in drone technology.
As Dreamfly Innovations continues to grow, its cutting-edge battery solutions are set to play a critical role in transforming industries reliant on drones and aerospace technology.
