India-based graphene batteries startup secures $300,000 for advancing product commercialization
Dreamfly Innovations, a graphene battery startup, has secured $300,000 in funding through a round led by Rebalance Angel Community, with participation from IIM Ahmedabad’s CIIE.CO (Center for Innovation Incubation and Entrepreneurship). The startup intends to utilize this capital for product commercialization and expanding its team. Dreamfly’s primary objective is to revolutionize the future of energy by employing software-defined battery (SDB) technology. Founded in 2022 by Dr. Saurabh Markendeya and Kajal Shah, Dreamfly’s flagship product, the Graphene Battery, addresses the battery-related challenges encountered by drone companies, including the risk of battery fires. The company has successfully piloted its technology with drone-as-a-service firms operating in sectors such as agriculture, geospatial mapping, and space tech.