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Energy-tech startup Dreamfly Innovations has raised ₹3 crore in non-dilutive venture debt from the Small Industries Development Bank of India (SIDBI).
The funds will be used to support working capital requirements and expand in-house manufacturing capacity, the company said in a statement on Monday.
The Bengaluru-based startup plans to deploy the capital to streamline inventory and procurement cycles, scale manufacturing infrastructure, and fulfil long-term supply commitments with OEM partners.
Founded by Saurabh Markandeya and Kajal Shah, the company currently designs and manufactures high-performance smart battery systems for drones, aviation, and aerospace and defence-linked applications.
The company is also backed by climate- and sustainability-focused venture capital firm Avaana Capital.
Beyond battery chemistry, the startup has developed proprietary system-level innovations, including a thermal-case architecture for efficient heat management and intelligent battery management systems (BMS) that enable real-time monitoring and enhanced safety.
Operating a B2B-focused model, Dreamfly supplies customised battery packs and power solutions to drone OEMs, defence and aerospace contractors, and enterprise customers deploying unmanned and autonomous systems.
The funding comes amid rising demand for advanced energy storage across commercial and defence drones, aerospace platforms, and advanced air mobility systems.
With expanded manufacturing capacity and continued R&D investment, Dreamfly aims to emerge as a trusted domestic supplier of aerospace-grade battery systems, reducing reliance on imports.
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