Bengaluru-based Dreamfly Innovations, a drone battery technology startup, has raised $1.4 million (₹12 crore) in a seed funding round led by Avaana Capital, with participation from Sunicon Ventures and other existing investors.
The funding will help the company scale its production, enhance research and development, and set up a manufacturing unit for its advanced battery solutions.
About Dreamfly Innovations
Founded in 2022 by Kajal Shah and Dr. Saurabh Markandeya, Dreamfly Innovations specializes in developing high-performance, long-lasting batteries for drones, aviation, and aerospace applications.
The startup is committed to enhancing safety, efficiency, and sustainability in energy storage solutions for unmanned aerial vehicles (UAVs).
Cutting-Edge Battery Technology
Dreamfly leverages expertise in lithium-based chemistries, graphene, and supercapacitors to deliver safe and sustainable energy solutions.
Their thermal case design ensures reduced operating temperatures and minimizes fire risks, making them highly suitable for aerospace applications.
The company claims its batteries can function in extreme weather conditions, from -30°C to 50°C.
EIONIC Smart Battery Series
Under the EIONIC brand, Dreamfly offers a range of smart drone batteries designed for various applications. These products include:
- 4S-5000 to 12S-30000 battery packs
- Up to 60C continuous discharge and 3C charge rates
Utilization of Funds
With the $1.4 million funding, Dreamfly Innovations plans to:
- Scale production capabilities to meet increasing market demand.
- Expand its team to accelerate product development.
- Boost R&D for fire-resistant, sustainable battery solutions.
- Set up a manufacturing unit to reduce dependency on imports.
Dreamfly’s Vision & Market Potential
Dreamfly Innovations aims to:
- Deliver safe, lightweight, and high-quality batteries for electric aviation.
- Provide non-explosive battery technology for safer drone flights.
- Empower 175 million people in India by supporting drone-based industries.
- Reduce reliance on imported batteries, aligning with Atmanirbhar Bharat.
The Growing Drone Battery Market
The global drone market is projected to reach $54 billion by 2025, with India poised to capture a substantial share.
Dreamfly aims to solve key challenges faced by drone manufacturers, including short battery lifespans and safety risks, by providing advanced, efficient, and durable battery solutions.
With its latest funding, Dreamfly Innovations is set to reshape the future of drone battery technology, ensuring longer flight times, enhanced safety, and increased accessibility for the Indian and global markets.
