Founded in 2022, Dreamfly is developing fire-resistant thermal batteries and sustainable, high-performance graphene-based solutions. The company focuses on high-performance batteries for drones, aviation, and aerospace, with clients including Tata Advanced Systems Ltd., Larsen & Toubro, General Aeronautics, and Neosky India Ltd.
The funds will be used to expand production capacity, grow its workforce, and advance research and development efforts.
In September 2023, Dreamfly Innovations secured $300,000 in funding through a round led by Rebalance Angel Community, with participation from IIM Ahmedabad’s CIIE.CO (Center for Innovation Incubation and Entrepreneurship).
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