Systems and methods for controlling potentially damaging inrushes of current to the capacitor bank of an electric drive system when the voltage on the capacitor bank is low. In one embodiment, a variable speed drive has a converter that converts AC power to DC power, a capacitor bank that receives the DC power, and an inverter that converts the DC power stored by the capacitor bank to AC output power. The converter has three sections that rectify the phases of three-phase input power. Each section has at least one controlled rectifier component, and the rectifier components have switches connected to them in parallel. When the voltage on the capacitor bank is low, the controlled rectifiers and switches are controlled to prevent dangerously high inrushes of current to the capacitor bank.