Battery tech startup Dreamfly Innovations raises Rs 12 crore from Avaana Capital, others

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Battery technology startup Dreamfly Innovations has raised Rs 12 crore in a seed funding round led by Avaana Capital, with participation from Sunicon Ventures and other existing investors. The Bengaluru-based company plans to utilise the fresh capital to set up a manufacturing unit, expand its team, and accelerate research and development of its battery solutions.

Founded in 2022 by Kajal Shah and Saurabh Markandeya, Dreamfly specialises in developing battery solutions for drones, aviation, and aerospace applications, particularly in agriculture,…



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Battery tech startup Dreamfly Innovations raises Rs 12 crore from Avaana Capital, others


Battery technology startup Dreamfly Innovations has raised Rs 12 crore in a seed funding round led by Avaana Capital, with participation from Sunicon Ventures and other existing investors. The Bengaluru-based company plans to utilise the fresh capital to set up a manufacturing unit, expand its team, and accelerate research and development of its battery solutions.

Founded in 2022 by Kajal Shah and Saurabh Markandeya, Dreamfly specialises in developing battery solutions for drones, aviation, and aerospace applications, particularly in agriculture,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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