Dynolt scales software-defined EV charging converters across India

Bengaluru-based Dynolt Technologies says it has deployed more than 14,000 power converters supporting EV charging and battery swapping, processing over 30 million charging cycles. The startup is using its $1.7 million seed round to pursue fast charging, solar, hydrogen and energy-storage applications.

— Source publishedMon, 10 Aug, 2026, 16:44 IST·First seen Mon, 10 Aug, 2026, 16:57 IST·Source YourStory

What happened

Dynolt Technologies · Bengaluru-based Dynolt builds software-defined power converters for EV chargers and battery-swapping stations. It says it has deployed

Key facts

  • Founded in 2022
  • About ₹14.8 crore ($1.7 million) seed funding
  • Seed round announced February 2025
  • More than 50 engineers
  • More than 14,000 power converters deployed in India
  • More than 30 million charging cycles
  • Target of 35,000 deployed converters by December 2025

Why this matters

Dynolt could be a partnership or tuck-in candidate for charging, battery-swapping, solar and energy-storage players seeking locally proven power-conversion software and hardware.

What to watch

  • New deployments or contracts with charging networks, fleet operators, battery-swapping providers, fuel retailers or retail-property owners.
  • Evidence of recurring SaaS, remote-monitoring or maintenance revenue.
  • Reported charger uptime, failure rates, power efficiency and utilization across the 14,000-plus converter base.
  • Follow-on funding, strategic investors or partnerships with solar, storage, hydrogen or automotive OEMs.
  • Indian policy changes affecting charging tariffs, distributed energy storage, domestic manufacturing incentives or interoperability requirements.
  • Competitive price reductions or comparable software-defined converter launches from larger incumbents.
  • Build recurring software, monitoring and maintenance revenue rather than relying primarily on converter sales.
  • Target fleet depots, battery-swapping networks, fuel retailers and retail-property operators where charger uptime has measurable commercial value.
  • Develop grid-aware controls for load balancing, solar integration, battery storage and demand-charge management.
  • Use the installed base to publish uptime, charging-cycle and cost-of-ownership benchmarks that support enterprise sales.
  • Secure OEM and charging-network partnerships that embed Dynolt converters in standardized deployment packages.

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