Dynolt Technologies and Credit Fair secure funding to drive clean energy

Dynolt Technologies has raised $1.7 million in a seed funding round led by Transition VC, with additional investment from angel investor Yashowardhan Shah. 

The funding will be used to expand its high-power charger product line using wide bandgap semiconductors for fast charging stations. Additionally, the company plans to enter the solar and hydrogen sectors with high-frequency inverters and DC-DC converters. 

Dynolt, founded in 2022 and headquartered in Bengaluru, develops power electronics solutions for e-mobility, battery energy storage systems (BESS), renewables, and hydrogen.

Meanwhile, Credit Fair has secured $5 million in debt from the $75-million Green Basket Bond issued by Symbiotics Investments. 

The bond was subscribed to by British International Investment (BII) to support renewable energy expansion in Asia and Africa. The funding will help Credit Fair expand rooftop solar financing for residential and MSME customers in tier-2 and tier-3 cities, with plans to support 2,500 new solar projects.