Dreamfly Innovations Secures $300,000 Funding to Revolutionize Energy with Graphene Battery Technology

Dreamfly Innovations, a promising startup specializing in graphene battery technology, has recently raised $300,000 in funding. The round was led by Rebalance Angel Community, with participation from IIM Ahmedabad’s CIIE.CO. The investment will be used for product commercialization and expanding the company’s team.

Founded in 2022 by Dr. Saurabh Markendeya and Kajal Shah, Dreamfly Innovations aims to transform the future of energy through the use of software-defined battery (SDB) technology. Their flagship product, the Graphene Battery, tackles the battery-related challenges faced by drone companies, particularly the risk of battery fires.

The company has already conducted successful pilot tests with drone-as-a-service firms operating in various sectors such as agriculture, geospatial mapping, and space tech. By leveraging the power of graphene, Dreamfly Innovations’ Graphene Battery offers a safer, more efficient, and longer-lasting battery solution for drones.

Graphene, a single layer of carbon atoms arranged in a hexagonal lattice, is an exceptional material known for its exceptional electrical conductivity, mechanical strength, and lightweight properties. By incorporating graphene into their battery technology, Dreamfly Innovations aims to boost the performance, lifespan, and energy density of their batteries.

With the recent funding, Dreamfly Innovations plans to further commercialize their Graphene Battery technology and scale their operations. By doing so, they hope to address the growing demand for reliable, high-performing batteries in the rapidly expanding drone industry.

The investment from Rebalance Angel Community and CIIE.CO is a testament to the potential of Dreamfly Innovations’ novel approach to battery technology. With their graphene-based solution, the startup has the opportunity to disrupt the energy storage market not only in the drone industry but also in various other sectors where long-lasting and reliable batteries are essential.

– Dreamfly Innovations
– Rebalance Angel Community
– IIM Ahmedabad’s CIIE.CO