Bengaluru-based battery technology company Dreamfly Innovations has raised US$1.4 million (about 12 crore rupee) in its seed funding round.
The round was led by Avaana Capital, with participation from Sunicon Ventures and other existing investors.
Founded in 2022, Dreamfly is developing fire-resistant thermal batteries and sustainable, high-performance graphene-based solutions.
The company focuses on high-performance batteries for drones, aviation, and aerospace, with clients including Tata Advanced Systems Ltd., Larsen & Toubro, General Aeronautics, and Neosky India Ltd.
The funds will be used to expand production capacity, grow its workforce, and advance research and development efforts.
This funding opportunity aligns with India’s efforts to enhance its domestic drone ecosystem under the “Atmanirbhar Bharat” initiative.
Source: Dreamfly Innovations
