The band was formed in 2003 by Seth Misterka, a multi-instrumentalist, producer, and composer with a background in a spectrum of musical genres. Misterka has worked with artists such as jazz musicians Anthony Braxton and William Parker, and indie bands Hot Chip, Shy Child, and The Fever. He provides guitar, electronics and saxophone for Dynasty Electric. Misterka met lead singer Jenny Electrik at a New York city bar in a chance encounter and asked her to join his band as a bass player. Originally the band performed experimental,instrumental improvisations. Jenny Electrik eventually assumed the role of lead singer, in addition to playing bass, synthesizer, and theremin.
The duo wrote and released their first single Hypnotized followed by the full-length album Black Box in 2004. They spent the following years touring the world and appearing in festivals like Summerfest, SXSW, CMJ Music Marathon, BAMs Sounds Like Brooklyn Festival, The Brooklyn Museum, Dewey Beach Music Festival, and the Burning Man Festival. In 2009, they released the EP Burning, inspired by their appearance at Burning Man. This was followed by a U.S. tour in support of The Meat Puppets.
Also in 2009, Dynasty Electric was noticed by entrepreneur and hip-hop mogul Damon Dash who paired the band with producer Ski Beatz to record their third record Golden Arrows. The album was independently released in May 2011. British music news outlet NME named "Radiation", a track from the record as one of the "Top Best Free MP3 Downloads" during that week.
The group signed with New York label NoShame in the spring of 2011. A new single and music video for Electric Love is their lastest release and the band announced plans for a fourth album to be released in 2012.