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Battery-tech startup Dreamfly Innovations raises $300K raises from Rebalance, others

IndianStartupNews · 1y

Bengaluru-based battery-tech startup Dreamfly Innovations has raised $300,000 in an angel round led by Rebalance Angel Community with participation from IIMA’s CIIE. The startup plans to use the funds for product commercialization and team expansion. Dreamfly offers high-performance, non-flammable, graphene-based battery solutions, with its flagship product, the Graphene Battery, aimed at revolutionizing the drone and aviation industry. The company's batteries also have potential applications in other sectors impacted by Industry 4.0.