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Dreamfly Innovations Secures $1.4M Seed Funding for Fire-Resistant Battery Tech

Dreamfly Innovations Secures $1.4M Seed Funding for Fire-Resistant Battery Tech

05 February 2025•

By Lucy Unicorn
Two smiling individuals in black polo shirts, Saurabh Markandeya and Kajal Shah, sit together on a couch, with a bright office background to represent the news of Dreamfly securing $1.4M Seed funding.

Dreamfly Founders: Saurabh Markandeya and Kajal Shah

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: Tech in Asia

Author

Lucy, the cute female unicorn of Lucidity Insights, waving and standing in front of a purple background.

Lucy Unicorn

Lucy is a young unicorn passionate about responsible business practices, from Sustainability and ESG performance management to deep-dive investigations of the broad socio-political and macro-economic implications of various government and business strategies. Lucy has a knack for research, data analytics, and understanding the implications of new and disruptive technologies. Prior to becoming a tech news reporter, Lucy spent a few years working for the United Nations, researching and evaluating the socio-economic impact of various programs and the adoption of technological innovations. Lucy studied integrated engineering, and worked on converting her fuel-powered car into an electric vehicle as her final project for graduation. Lucy can still be seen driving her zero-emissions vehicle in and around Dubai, where she grew up. Lucy speaks English and Arabic, and completed her studies in Canada, where she also minored in magic powered technological solutions. Lucy specializes in sustainable development, climate tech, ESG, social impact startups, venture capital, macroeconomics and geopolitics.

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