The tendency will be for a capacitor to charge quickly to the supply voltage. The sudden current flow creates strong spikes which are troublesome.
It is feasible to reduce supply level, by charging capacitors in series, then discharging them in parallel.
The problem is how to install switching devices in the proper manner, so they can be all the way On and all the way Off. Eight transistors or mosfets are needed. (Or maybe just 7 if a common ground is acceptable.)
Here is my best effort.
It is clumsy. It has a high parts count. And notice it still has the spikey waveforms.
I only wish someone might say "I'll market that because it doesn't need a coil", and make a million dollars, and cut me in for 1/10 of the profit.
Instead it is more practical to make a switched-coil buck converter. Coils have their own set of problems, but there are gains to be made by those who figure out how to work through them.