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Dreamfly Innovations is a Bengaluru, India-based manufacturer of high-power-density lithium-ion and graphene-based batteries for commercial drones, electric aircraft, and aerospace applications. The company develops custom battery packs, battery-management systems, and fire-resistant thermal solutions designed to be lightweight and non-explosive for extended flight times across agricultural, surveillance, mapping, and logistics use cases. Its specialized energy storage products are utilized by major aerospace, aviation, and defense contractors, including Tata Advanced Systems Ltd., Larsen & Toubro, General Aeronautics, and Neosky India Ltd. To scale its manufacturing and hardware technology development, the enterprise raised $1.4 million in seed funding in February 2025 through an early-stage investment round led by venture capital firms Avaana Capital and Sunicon Ventures. Dreamfly Innovations was founded in 2021 by Kajal Shah and Saurabh Markandeya, who share 16 years of collective engineering and battery industry experience.
Dreamfly Innovations has raised $1.0M across 1 funding round.
Dreamfly Innovations has raised $1.0M in total across 1 funding round.
Dreamfly Innovations has raised $1.0M in total across 1 funding round.
Dreamfly Innovations's investors include Avaana Capital.
Dreamfly Innovations (DFI) is a Bengaluru-based technology company specializing in high-performance Graphene and Lithium-ion batteries for drones, electric aviation, and aerospace applications.[1][2][4] Founded in September 2021 by IIT and IISc graduates with 16 years of collective battery expertise, DFI designs and manufactures customized batteries, battery management systems (BMS), and heating solutions that prioritize safety, lightness, and extended flight times, addressing issues like overheating, low energy density, and short lifecycles in existing drone batteries.[1][2][3] The company serves agricultural, surveillance, defense, and surveying drone operators, solving critical problems such as limited flight duration—requiring multiple battery packs—and fire risks through non-explosive graphene chemistry and in-house embedded electronics.[2] Growth momentum includes a $300,000 seed round in September 2023 for commercialization and a $1.37M Seed VC raise on February 5, 2025, from Avaana Capital, SunICON Ventures, and others, signaling strong investor confidence amid expanding drone markets.[1][5]
Dreamfly Innovations emerged in September 2021 from the vision of founders who are graduates of India's premier institutions, IIT and IISc, bringing 16 years of combined experience in battery technology.[1][3] Headquartered in Bengaluru—India's tech hub—the team identified a gap in the drone sector where batteries hampered operations due to poor endurance and safety issues, stunting growth in agriculture, surveillance, and defense applications.[2] Early traction came from their in-house capabilities in battery pack design, power electronics, and firmware, leading to customized solutions for electric planes and drones.[1] A pivotal moment arrived in September 2023 with $300,000 in seed funding to accelerate product rollout, followed by a larger $1.37M Seed VC round in February 2025, underscoring rapid validation in India's burgeoning drone ecosystem.[1][5]
Dreamfly rides the global surge in drone adoption and electric aviation, fueled by India's drone policy liberalization and a projected $1.8 billion market by 2026, where battery limitations have been a key bottleneck.[2] Timing aligns with rising demand for long-endurance solutions in agriculture (precision spraying over vast farmlands), surveillance, and defense amid geopolitical needs, amplified by falling drone costs and AI integration.[2][5] Market forces like sustainability mandates and eVTOL growth favor DFI's lightweight, high-density tech, positioning it against competitors like AVA Propulsion and Guardian Agriculture in heavy-payload autonomy.[5] By enhancing drone viability in India—home to 175 million potential beneficiaries—DFI influences the ecosystem, boosting local manufacturing under "Make in India" and enabling scalable applications from farm yields to national security.[2]
With recent $1.37M funding, Dreamfly is primed to scale production and capture share in India's drone boom, targeting agricultural dominance and expanding into global eVTOL markets.[5][2] Trends like AI-driven autonomy, hybrid propulsion, and stricter aviation regs will shape its path, demanding further R&D in ultra-high-density cells. Its influence could evolve from niche supplier to ecosystem enabler, powering sustainable flight that transforms 22 million acres of farmland and beyond—turning battery constraints into competitive skies.[2] This positions DFI as a quiet force in electrifying aviation, one lightweight pack at a time.
Dreamfly Innovations has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Seed in February 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 1, 2025 | $1M Seed | — | Avaana Capital | Announced |
