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Bengaluru-based Dreamfly Innovations has secured ₹3 crore in non-dilutive venture debt from the Small Industries Development Bank of India (SIDBI) to enhance its production of smart battery systems for drones and aerospace. The funding will support working capital and expand manufacturing capacity, enabling the company to better meet supply commitments with OEM partners amid rising demand for advanced energy storage solutions. Founded by Saurabh Markandeya and Kajal Shah, Dreamfly specializes in high-performance battery designs for various applications.