Aerospace and defence tech firm CoreEL Technologies raises $30 Mn in Series B

The funding follows CoreEL’s recent acquisition of the aerospace and defence systems division of Lekha Wireless, which significantly expanded its communication systems portfolio.

23 Dec 2025 13:30 IST

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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, with participation from existing investor 360 ONE Asset.

The funding follows CoreEL’s recent acquisition of the aerospace and defence systems division of Lekha Wireless, which significantly expanded its communication systems portfolio. The acquisition added proven wireless communication technologies, indigenous intellectual property, and specialised engineering talent, further strengthening CoreEL’s capabilities in the MILCOM domain.

The proceeds will be channelled towards scaling manufacturing capacity, strengthening research and development, advancing product engineering, and supporting participation in large and complex aerospace and defence programmes in India and overseas, CoreEL Technologies said in a press release.

CoreEL designs, develops, and manufactures advanced electronic system- and sub-system-level products for strategic applications across the radar, electronic warfare, avionics, and MILCOM sectors. The company has delivered several critical high-end electronic system-level products and solutions to both strategic and commercial customers. Its customers include DRDO, defence public sector companies, and the Ministry of Defence (MoD).

According to the Bengaluru-based company, its products have been deployed in India’s next-generation avionics, radars, missiles, electronic warfare systems, MILCOM, and sonars, among others. The company aims to develop some of the most advanced electronic systems for strategic aerospace and defence programmes.

360 ONE Asset manages an overall listed markets and alternatives AUM of more than $10 billion across multiple asset classes, with a private markets AUM of $5 billion. The firm’s venture capital and private equity platform has an AUM of approximately $3.3 billion and 89 portfolio companies.

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