Funding · AI & Deep Tech

Dreamfly raises $331k for high power density batteries

By Startup Enthusiast · 3 February 2026

What they do

Dreamfly makes high power density batteries for drones and aerospace

The company raised $331.44K in an early stage round on Feb 2, 2026

Total funding now exceeds $5.43M across seven rounds with key investors

Dreamfly Innovations secured $331.44K in new funding on February 2, 2026.
This early stage round adds to the company's total capital raised.
The investment brings Dreamfly's cumulative funding above $5.43 million.
The raise spans seven distinct rounds since the company's inception.
Key participants include Avaana Capital, IIMA Ventures, and Rebalance.
The funding supports ongoing development of advanced battery technologies.
This event marks the most recent financial milestone for the startup.

Dreamfly manufactures high power density batteries for specialized applications.
Primary customers include the drone industry seeking efficient power sources.
The company also serves the e-aviation sector with custom solutions.
Products cater to the broader aerospace industry requirements.
The firm employs 44 people as of the last ninety days.
Web traffic recorded 1.48K visits over the past thirty days.
Revenue models likely involve direct sales to B2B clients.
Technology focus remains on energy density and performance metrics.
The startup operates within the deep tech hardware space.

Avaana Capital (investor) — Indian venture capital firm focusing on climate and sustainability.
IIMA Ventures (investor) — Venture arm of the Indian Institute of Management Ahmedabad.
Rebalance (investor) — Investment entity participating in the funding round.

Product: Custom battery packs and power solutions for drones, aviation, and aerospace applications.
Customers: OEMs and enterprise customers in unmanned aerial systems, defense-linked programs, and aerospace.
How it makes money: B2B manufacturing-led supply contracts, co-development work, and repeat orders.
What sets it apart: Uses proprietary thermal-case architecture and battery management systems to improve safety and thermal performance.
Operations: Designs and manufactures advanced smart battery systems in Bengaluru and is adding manufacturing capacity.