Dreamfly Innovations Secures ₹12 Crore Seed Funding Round Led by Avaana Capital

February 2025 – In a significant leap toward revolutionizing India’s clean energy future, Dreamfly Innovations, a next-generation battery technology startup, has raised ₹12 crore (approximately $1.4 million) in a seed funding round led by Avaana Capital, with participation from other prominent investors.

Founded with a vision to redefine energy storage solutions for the new world, Dreamfly Innovations focuses on developing cutting-edge, sustainable, and high-efficiency battery technologies tailored for electric vehicles, renewable energy systems, and industrial applications. Their proprietary innovations promise enhanced energy density, longer lifecycle, and lower environmental impact, addressing critical challenges in the rapidly evolving energy transition landscape. With this new capital infusion, Dreamfly Innovations plans to accelerate research and development efforts, scale pilot production, strengthen its IP portfolio, and onboard strategic talent across core technical and operational functions. The startup also intends to forge industry partnerships to enable faster commercialization and integration into key sectors driving India's green revolution.

Speaking on the development, the Founders of Dreamfly Innovations shared, "This funding round marks a pivotal moment in our journey. Partnering with Avaana Capital and our distinguished investors gives us the momentum to push the boundaries of what’s possible in energy storage. Our mission is not only technological advancement but creating lasting environmental and societal impact."

Avaana Capital, known for its commitment to climate-tech investments, identified Dreamfly Innovations as a critical enabler in the decarbonization value chain. Their focus on scalable, real-world impact resonated deeply with Dreamfly’s mission-driven roadmap.

The funding arrives at a crucial time when India’s energy and mobility sectors are undergoing seismic shifts toward sustainability. With government policies encouraging EV adoption and renewable energy proliferation, the demand for robust, locally developed battery technologies is higher than ever. Dreamfly’s innovations are poised to bridge the gap between global standards and indigenous solutions.

As a proud strategic partner to Dreamfly Innovations, Startup Movers has been privileged to support their growth journey by providing ongoing compliance advisory, retainer services, and GST structuring tailored for innovation-driven businesses. Our collaboration reflects our shared commitment to empowering visionary founders with the financial discipline and regulatory frameworks needed to scale responsibly and sustainably.

Looking ahead, Dreamfly Innovations will channel the new funds into expanding its pilot facilities, enhancing proprietary battery chemistry formulations, and progressing toward commercialization readiness by early 2026. Their ambition is clear: to become a trusted technology partner for India's and the world’s clean energy future.

At a broader level, this milestone underlines the resilience and ingenuity of India’s climate-tech startup ecosystem. Dreamfly Innovations’ success story affirms that with the right vision, technological edge, and ecosystem support, Indian startups can lead global innovations in sustainability.

We extend our heartfelt congratulations to the entire Dreamfly Innovations team and look forward to continuing to support their path-breaking journey in the clean tech revolution.