Bengaluru based CoreEL Technologies has raised $30 million in its Series B funding round led by ValueQuest Scale Fund with strong support from existing investor 360 ONE Asset.
The capital infusion validates CoreELs research driven approach to crafting cutting edge electronics for aerospace and defence sector. Company plans to expand manufacturing setup enhance R&D efforts refine product designs and join major defence projects at home and abroad.
Founded in 1999 CoreEL Technologies specialises in building electronic systems and subsystems for radar avionics electronic warfare military communications secure data links and SATCOM platforms. Its solutions power next gen radars missiles sonars and airborne systems serving clients like DRDO defence PSUs and Ministry of Defence.
Leadership Comments
Vishwanath Padur CoreEL Technologies Managing Director stated CoreEL stands as a top tier electronic systems developer supplying mission critical solutions to Indias Armed Forces via DRDO and PSUs. He added This Series B reflects solid investor trust in our strategy engineering prowess and delivery strength.
Investor Perspectives
Pushkar Jauhari ValueQuest Managing Director noted the investment underscores CoreELs execution skills leadership depth and role in indigenisation drives. Umesh Agrawal 360 ONE Asset Fund Manager highlighted the firms strong vision and team as it scales up operations.
