This paper discusses the prototype development and testing of a load invariant, high voltage gain DC power supply using inductive power transfer. The developed supply is intended to power the submodules of the CHB based arbitrary waveshape generator for testing high voltage components and materials. Using the Series Parallel topology, a load invariant voltage gain of 15 is obtained from a 350 V input DC Bus, with an efficiency of 88% and a load regulation of 18%. The obtained 5 kV output can conduct DC breakdown of dielectrics with a damping resistor and can test insulation aging, breakdown under high frequency AC.