The present document describes a power converter configured to convert electrical power at an input voltage at an input of the power converter to electrical power at an output voltage at an output of the power converter. The power converter comprises a first upper capacitor and a first lower capacitor, which are coupled with one another via a first mid node; a second upper capacitor and a second lower capacitor, which are coupled with one another via a second mid node; an inductor; and a set of power switches. In addition, the power converter comprises a control unit which is configured to control the set of power switches such that during an operation cycle the power converter is operated in a first main state and in a second main state in a mutually exclusive manner.