Dreamfly Innovations, an energy-tech startup, has raised INR 3 crore in non-dilutive venture debt from SIDBI.
The funding will be used to meet working capital needs and expand manufacturing capacity as the company scales its operations.
Backed by Avaana Capital, Dreamfly Innovations designs and manufactures smart battery systems for drones, aviation, and aerospace applications.
The company is developing next-generation batteries, including lithium solid-state and graphene-based technologies, which offer higher energy, better safety, and improved heat control.
Dreamfly uses its own thermal-case design and smart battery management systems to deliver reliable performance in high-stress and mission-critical environments, where safety and accuracy are essential.
The startup follows a B2B manufacturing model, supplying custom battery packs and power solutions to OEMs and enterprise clients in areas such as drones, defence, and emerging aerospace projects.
Dreamfly generates revenue through long-term supply agreements, co-development partnerships, and repeat orders. With growing demand for advanced energy storage the company aims to become a trusted domestic supplier of safe and high-performance battery systems.
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