Battery tech startup Dreamfly Innovations raises Rs 12 crore from Avaana Capital, others

Battery technology startup Dreamfly Innovations has raised Rs 12 crore in a seed funding round led by Avaana Capital, with participation from Sunicon Ventures and other existing investors. The Bengaluru-based company plans to utilise the fresh capital to set up a manufacturing unit, expand its team, and accelerate research and development of its battery solutions.

Founded in 2022 by Kajal Shah and Saurabh Markandeya, Dreamfly specialises in developing battery solutions for drones, aviation, and aerospace applications, particularly in agriculture,…