The Week that Was: Indian Startup News Overview (22th December- 28th December)
Funding News: CoreEL Technologies Raises $30 Million to Boost Aerospace and Defence Capabilities
Company: CoreEL Technologies
Founders: Dr K.K Nohria
About us: CoreEL Technologies is a Bengaluru-based company providing advanced electronic systems for the aerospace and defence sector. It designs, develops, and manufactures system- and sub-system-level products for radar, avionics, electronic warfare, MILCOM, and other strategic defence applications.
Founded Year: 1999
Office: Bengaluru, India
Sector: Aerospace & Defence / Electronics
Funding Round: Series B
Investors: ValueQuest Scale Fund (Lead), 360 ONE Asset (Existing investor)
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.
Website: https://www.coreel.com/
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