India-based energy-tech startup Dreamfly Innovations has raised almost US$328,000 in non-dilutive venture debt from SIDBI. The proceeds will be used to support working capital and expand manufacturing capacity as the company scales operations.
Backed by Avaana Capital, Dreamfly Innovations designs and manufactures advanced smart battery systems for drones, aviation, and aerospace applications. The firm focuses on lithium solid-state and graphene-based batteries, built to deliver higher energy density, improved safety, and better thermal performance.
Its products use a proprietary thermal-case architecture and intelligent battery management systems (BMS) to ensure reliability in high-stress operating environments.
Dreamfly follows a B2B manufacturing-led model, supplying customized battery packs and power solutions to OEMs and enterprise customers across unmanned aerial systems, defense-linked programs, and emerging aerospace use cases.
The firm earns revenue through long-term supply contracts, co-development engagements, and repeat orders as customers scale deployments.
