# Dreamfly Innovations

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dreamfly-innovations

- Industry: Energy Storage & Batteries
- Headquarters: Bangalore, India
- Website: www.dfi-india.com/
- Total disclosed funding: $1.7M
- Latest round: Seed (Dec 20, 2024)
- Investors on record: 4

## About

Founded in 2022 and based in Bangalore, India, Dreamfly Innovations operates as a provider of Zth dimension drone integration into a range of human life applications, including accurate geo-positioning, remote connection to the internet, private air taxis, and food delivery. In February 2026, Dreamfly Innovations raised INR 30 million in venture debt funding from SIDBI. Dreamfly Innovations manufactures customised battery management systems (BMS) and battery heating systems for drones, electric planes, and aerospace applications. DFI's advanced technology addresses current limitations in the drone industry, including battery fire incidents, short lifespans, and long charging times. The SMART customised drone batteries utilise non-explosive graphene chemistry cells, offering high power density, extended battery life, instant charging capabilities, and a compact form factor. They cater to a range of drone applications, such as agri-tech, surveillance, and space launch vehicles, with batteries tailored to specific needs. Dreamfly Innovations generates revenue through membership fees, conferences, training programs, workshops, sponsorships, and industry events supporting the deep foundations community. The company plans to use the February 2025 funding to increase its workforce, establish a production facility, and quicken the development of its battery solutions.

## Funding rounds

- Seed, Dec 20, 2024, $1.4M — Avaana Capital, SUNiCON
- Angel, Sep 14, 2023, $0.3M — IIMA Ventures, Rebalance

## Investors

- IIMA Ventures (https://capitalatlas.ai/funds/iima-ventures) — Angel
- Rebalance (https://capitalatlas.ai/funds/rebalance) — Angel
- Avaana Capital (https://capitalatlas.ai/funds/avaana-capital) — Seed
- SUNiCON (https://capitalatlas.ai/funds/sunicon) — Seed