CoreEL Technologies Secures $30 Million Series B Led by ValueQuest

Overview

• Existing backer 360 ONE Asset increased its stake by joining the round after leading CoreEL’s Series A.
• CoreEL plans to deploy the funds to expand manufacturing capacity, intensify R&D and product engineering, and support participation in large aerospace and defence programmes in India and overseas.
• The Bengaluru company builds system- and sub-system-level electronics for radar, electronic warfare, avionics and military communications, serving DRDO, defence PSUs and the Ministry of Defence.
• The raise follows CoreEL’s acquisition of Lekha Wireless’s aerospace and defence systems division, which broadened its secure communications portfolio.
• ValueQuest said its bet reflects confidence in CoreEL’s execution and engineering depth, underscoring investor interest in integrated systems providers within India’s defence supply chain.