Aerospace-Defence Startup CoreEL Technologies Raises $30 Mn in Series B Round

Bengaluru-based CoreEL Technologies, a provider of advanced electronic system- and sub-system-level products and solutions for the aerospace and defence sector, has raised $30 million in a Series B funding round led by ValueQuest Scale Fund.

The round also saw participation from existing investor 360 ONE Asset.

The company said the funds will be used to expand manufacturing capacity, strengthen R&D, improve product engineering, and support participation in large and complex aerospace and defence programmes in India and abroad.

Read also- Visual telematics startup Cautio acquires Nikhil Kamath-backed BYTES

“We continue to develop some of the most advanced electronic systems for strategic aerospace and defence programmes. This Series B funding reflects strong investor confidence in our long-term strategy, engineering depth and execution capability,” said Vishwanath Padur, managing director of CoreEL Technologies.

Pushkar Jauhari, managing director and head of private equity at ValueQuest, said CoreEL’s strong positioning across the aerospace and defence domain, its proven technological capabilities, and its focus on indigenous development align well with the firm’s objective of investing in innovation-driven technology companies.

CoreEL designs, develops, and manufactures advanced electronic systems and sub-systems for strategic use across radar, electronic warfare, avionics, and MILCOM sectors. The company has delivered several high-end electronic system solutions to both strategic and commercial clients, including DRDO, defence public sector undertakings, and the Ministry of Defence.

The company said its products are used in India’s next-generation avionics, radars, missiles, electronic warfare systems, MILCOM, and sonar platforms. CoreEL aims to build some of the most advanced electronic systems for strategic aerospace and defence programmes.

Advertisment

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Latest Business and Startup News: Discover Funding Trends and Stories Shaping Indian Startups.

Startup Funding News: Your Gateway to Every Funding Update.

Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Startup Stories: Discover inspiring tales of startups overcoming challenges, and achieving success.