Dynolt Technologies, a deep-tech startup based in Bengaluru, has raised $1.7 million in seed funding led by Transition VC, with participation from angel investor Yashowardhan Shah. Founded in 2022 by Rajesh Sura and Teja Kumar, both experienced engineers from IIT Bombay, the company is focused on advancing power conversion technologies for sectors such as e-mobility, energy storage, renewables, and hydrogen.
The company’s core offerings include software-defined power converters designed for two- and three-wheeler electric vehicles (EVs) and EV swapping stations. These products are built using a robust technology stack that enables efficient control of power converters, making them scalable and reusable across multiple domains. This approach accelerates the product development cycle, which is critical for the fast-growing clean energy industry.
Dynolt’s solutions have already found adoption among key players in the e-mobility space, including companies like EMO Energy, Sandhar, Bounce, International Battery Company, and Yulu. In total, Dynolt has deployed more than 14,000 power converters across India, which have collectively surpassed 30 million charging cycles, solidifying its position in the rapidly expanding electric vehicle market.
The company is also looking to expand its reach into new sectors such as solar and hydrogen. By leveraging its expertise in high-frequency inverters and DC-DC converters, Dynolt aims to contribute to the energy transition by enabling more efficient and sustainable solutions for power generation and storage. Additionally, the company plans to enhance its offerings in the mobility space by developing high-power chargers for fast-charging stations, using wide bandgap semiconductors to increase efficiency.
The startup’s founders, Rajesh and Teja, have a combined experience of over two decades in engineering and product development. Before starting Dynolt, both worked with industry leaders like General Motors and Crompton Greaves. Their deep understanding of power electronics, combined with extensive consulting experience with multinational corporations like Cummins, Mitsubishi, and Grundfos, has given them the expertise to drive Dynolt’s innovative vision forward.
The company’s unique approach involves using general-purpose microcontrollers and software-based control systems in its power electronics solutions, instead of traditional application-specific integrated circuits (ASICs). This helps reduce costs, shorten design turnaround times, and improve the efficiency of the company’s products.
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