Bengaluru-based deep-tech power electronics startup Dynolt Technologies has secured $1.7 million (~₹147.7 million) in a seed funding round led by Transition VC. Angel investor Yashovardhan Shah also participated in the funding round.

Dynolt develops power electronics solutions for clean energy sectors such as e-mobility, energy storage, renewables, and hydrogen.

The startup’s products are built around a robust technology stack. It enables efficient control of the power converters using embedded software and makes Dynolt’s products scalable and reusable across various domains, thereby expediting product development cycles.

The funds will be used to expand Dynolt Technologies’ electric mobility footprint through higher power chargers equipped with wide-bandgap semiconductors for fast charging stations.

Wide-bandgap semiconductors have a greater critical electric field and thermal stability than silicon-based devices, enabling operations at higher temperatures and frequencies. This technology also helps achieve higher efficiency and reduced requirements for passive components and cooling systems in converter circuits.

The company also plans to enter the solar and hydrogen sectors with its high-frequency inverters and DC-DC converters applications, and the battery energy storage systems segment.

The company said its products help enable efficient control of power converters using embedded software. Its product line includes software-defined power converters for on-board/off-board chargers, swapping stations, and two and three-wheeler electric vehicles.

The company has deployed over 14,000 power converters nationwide, collectively exceeding 30 million charging cycles.

Rajesh Sura, Co-founder & CEO of Dynolt Technologies, said that the funding will help the company expand into battery storage, renewables energy, and hydrogen while enabling it to strengthen its next-generation power conversion products.

According to Mercom Capital Group’s Annual and Q4 2024 Funding and M&A Report for Storage & Grid, corporate funding for energy storage companies, including VC investments, public market funding, and debt financing, increased 5% year-over-year in the fourth quarter of 2024.