Dreamfly Innovations Secures Funding for Battery Technology Development

Battery technology startup Dreamfly Innovations has successfully secured Rs 12 crore in its seed funding round, which was spearheaded by Avaana Capital, alongside contributions from Sunicon Ventures and other current investors. Earlier in the year 2023, the company had obtained Rs 4.9 crore through an angel funding round involving support from the Rebalance Angel Community and additional investors.

The capital raised will be allocated towards establishing a manufacturing facility, enhancing the workforce, and accelerating the research and development of its innovative battery solutions.

About Dreamfly Innovations

Founded in 2022 by Kajal Shah and Saurabh Markandeya, Dreamfly Innovations specializes in providing advanced battery solutions tailored for various sectors, including drones, aviation, and aerospace applications. The firm particularly focuses on essential fields such as agriculture, terrain mapping, surveillance, and logistics.

Innovative Battery Design

The batteries developed by Dreamfly feature a unique thermal case design that effectively reduces operating temperatures and minimizes fire hazards. Based in Bengaluru, the startup asserts that its battery technology is capable of functioning within a temperature range of -30°C to 50°C, making it adaptable to a variety of environmental conditions.

Notable Clients

The company has attracted several prominent clients, including Tata Advanced Systems, Larsen & Toubro (L&T), and the drone technology firm General Aeronautics.