CoreEL Technologies Raises $30 Million to Boost Aerospace and Defence Capabilities
- Secures $30 million Series B funding led by ValueQuest Scale Fund
- Plans to scale manufacturing, R&D, and product engineering
- Expansion follows acquisition of Lekha Wireless’ aerospace and defence division
CoreEL Technologies, a leading provider of advanced electronic systems for the aerospace and defence sector, has raised $30 million in a Series B funding round led by ValueQuest Scale Fund, with participation from existing investor 360 ONE Asset. The funding comes after CoreEL acquired the aerospace and defence systems division of Lekha Wireless, strengthening its communication systems portfolio and adding indigenous technologies, intellectual property, and specialised engineering talent.
The Bengaluru-based company designs, develops, and manufactures high-end system- and sub-system-level products for radar, avionics, electronic warfare, MILCOM, and other strategic defence applications. Its products are deployed across next-generation Indian avionics, radars, missiles, electronic warfare systems, MILCOM networks, and sonar applications. CoreEL’s clientele includes DRDO, the Ministry of Defence, and defence public sector companies.
The latest funds will be used to expand manufacturing capacity, enhance research and development, advance product engineering, and support participation in large-scale aerospace and defence programs in India and overseas.
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360 ONE Asset, a global investment firm managing over $10 billion in assets across public and private markets, backs the venture alongside ValueQuest Scale Fund. With an active venture capital and private equity portfolio of approximately $3.3 billion across 89 companies, 360 ONE Asset brings strong strategic support to CoreEL’s growth plans.
With this funding and recent acquisition, CoreEL Technologies aims to develop cutting-edge electronic systems that strengthen India’s aerospace and defence capabilities while advancing the company’s position in global strategic markets.
