Press Release, 18 February 2025
Dynolt Technologies, a deep-tech power electronics startup, has secured $1.7 million in a seed funding round led by Transition VC. The round also saw participation from marquee angel investor, Yashovardhan Shah.
Founded in 2022 and headquartered in Bengaluru, Dynolt develops cutting-edge power electronics solutions for clean energy sectors such as e-mobility, energy storage, renewables, and hydrogen. Backed by a strong R&D, 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 company’s current product line includes software-defined power converters for on-board/off-board chargers for two and three wheelers EVs, as well as, swapping stations.
Founded by seasoned power electronics engineers Rajesh Sura and Teja Kumar, the startup aims to establish a globally-competitive power conversion capability in India to enable faster adoption of clean energy solutions. Dynolt’s innovative products have already gained traction with marquee clients, including EMO Energy, Sandhar, Bounce, International Battery Company, Numeros Motors, Yulu, Yuma Energy, and River, which have adopted the company’s solutions at scale. In the e-mobility space, Dynolt has deployed more than 14,000 power converters across the country which have collectively surpassed more than 30 million charging cycles. These milestones have solidified the company’s position as a key power semiconductor player in the rapidly growing EV sector.
Through this funding, Dynolt plans to expand its footprint in mobility through higher power chargers—with wide bandgap semiconductors—for fast charging stations. The company also plans to enter new sectors like solar and hydrogen with its solutions for high frequency inverters and DC-DC converters application.
Commenting on its maiden funding, Rajesh Sura, Co-founder & CEO of Dynolt Technologies said, “We’re on a mission to redefine the future of clean energy in India. This investment will fuel our expansion into critical sectors like battery energy storage systems (BESS), renewable energy, and hydrogen, while enabling us to strengthen our leadership in next-generation power conversion products.”
“Energy transition is nearly impossible without advancements in power electronics. Dynolt’s innovations will accelerate this transition—making it faster, more affordable, and significantly more efficient. Power electronics is the key enabler for scaling renewables, EVs, and modern grids, and we are at the forefront of this transformation in India,” said Raiyaan Shingati, Co-founder & Managing Partner, Transition VC.
Shoeb Ali, Co-founder & Managing Partner of Transition VC also added, “Power electronics are critical for achieving India’s energy transition goals. Dynolt is building power electronics for mobility, solar, battery energy storage systems, and the hydrogen value chain. We envision Dynolt offering power conversion solutions for the complete energy transition domain. Dynolt’s core IP lies in control systems using general-purpose microcontrollers and software instead of traditional application-specific integrated circuits (ASIC). This helps reduce cost and design turnaround time and improves efficiency.”
Dynolt’s co-founders, Rajesh and Teja—both IIT Bombay alumni with Master’s degrees in power electronics—come with a collective experience of over two decades in engineering and product development in this sector. Prior to Dynolt, Rajesh & Teja have worked with industry leaders such as General Motors and Crompton Greaves respectively, and worked on consulting projects with global MNCs like Cummins, Grundfos and Mitsubishi. Rajesh oversees operations and strategic initiatives at Dynolt, while Teja—who brings extensive experience in product development, R&D, and manufacturing—leads the technology team. With a state-of-the-art R&D center in Bengaluru and with a team of 50+ engineers, Rajesh and Teja are dedicated to developing globally competitive power conversion technologies and accelerating India’s transition to clean energy solutions.
About Dynolt Technologies
Dynolt Technologies, founded in 2022 and headquartered in Bengaluru, is a deep-tech power electronics company focused on advancing clean energy through high-efficiency power conversion solutions. With expertise in e-mobility, energy storage, renewables, and hydrogen, Dynolt develops indigenous power converters designed to meet the unique needs of the Indian market. The company’s commitment to R&D, innovation, and scalable solutions is propelling it toward becoming a leader in the clean energy sector.
