CoreEL Technologies raises $30 million in Series B funding

Founded in 1999, CoreEL designs system- and subsystem-level electronics for radar, electronic warfare, avionics and military communications, serving customers including DRDO and defence PSUs

CoreEL Technologies India Private Limited (CoreEL), an aerospace and defence company, has raised $30 million in Series B funding from ValueQuest Scale Fund and 360 One Asset.

360 ONE Asset, an early institutional backer of CoreEL, having led the company’s Series A round, has further increased its stake by participating in the Series B round.

CoreEL’s focus on system- and subsystem-level products positions it squarely within this trend.

The company will use the capital to scale manufacturing, deepen research and development, and support participation in large domestic and overseas programmes.

Founded in 1999, CoreEL Technologies has built capabilities across radar, electronic warfare, avionics, and military communications. Its customer base includes the Defence Research and Development Organisation (DRDO) and defence public sector undertakings, placing the company within India’s tightly regulated strategic supply chain.

CoreEL customers include DRDO, Defence Public Sector companies and MOD.

The funding follows CoreEL’s recent acquisition of Lekha Wireless’s Aerospace and Defence Systems division, 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. These additions complement CoreEL’s existing strengths in communication systems, airborne electronics, secure data links and SATCOM-enabled solutions.

Commenting on the funding, Vishwanath Padur, Managing Director, CoreEL Technologies, said, “CoreEL has established itself as a world-class electronic systems and product development company, delivering complex, mission-critical solutions to our Armed Forces through DRDO and defence PSUs. We continue to develop some of the most advanced electronic systems for strategic aerospace and defence programs. This Series B funding reflects strong investor confidence in our long-term strategy, engineering depth and execution capability.”

Pushkar Jauhari, Managing Director and Head of Private Equity at Value Quest, said: “CoreEL’s strong positioning across aerospace and defence domain with its proven technological capabilities and its focus on indigenous development, aligns well with objective of investing into innovation driven strong technology companies strengthening India’s aerospace and defence sector with long term investment support and collaboration. Our investment in CoreEL Technologies reflects our strong conviction in CoreEL’s proven execution capability, engineering & leadership depth and its ability to scale up and contribute meaningfully to indigenization initiatives.”

Published on December 23, 2025