Drone Battery Startup Dreamfly Innovations Secures Rs 12 Crore in Seed Funding

Dreamfly Innovations, a battery technology startup focusing on drone and aerospace applications, has raised Rs 12 crore in its seed funding round. The investment was led by Avaana Capital, with participation from Sunicon Ventures and existing investors.

The Bengaluru-based company plans to utilize the fresh capital to establish a manufacturing unit, expand its team, and enhance research and development efforts for its battery solutions. This funding follows the company's Rs 4.9 crore angel round raised in 2023 from Rebalance Angel Community and other investors.

Founded in 2022 by Kajal Shah and Saurabh Markandeya, Dreamfly develops specialized battery solutions for drones, aviation, and aerospace applications. The company's technology features an innovative thermal case design that helps reduce operating temperatures and minimize fire risks, addressing key safety concerns in the industry.

The startup has developed batteries capable of operating in extreme conditions, with ta temperature tolerance of-30°C to 50°C. TTheirversatility makes them particularly suitable for various agriculture, terrain mapping, surveillance, and logistics applications.

Dreamfly has already secured notable clients in the aerospace and defense sectors, including Tata Advanced Systems, Larsen & Toubro (L&T), and General Aeronautics, a drone technology company