Bengaluru-based aerospace and defence technology firm CoreEL Technologies has raised $30 million in a Series B funding round, marking a significant milestone in its growth journey. The round was led by ValueQuest Scale Fund, with continued participation from existing investor 360 ONE Asset. The fresh capital highlights strong investor confidence in CoreEL’s deep-tech capabilities and its expanding role in India’s strategic electronics ecosystem.
The company plans to use the funds to scale up manufacturing, invest heavily in research and development, and support large, complex defence and aerospace programmes in India and overseas. This funding comes at a time when India is pushing hard for self-reliance in defence manufacturing, creating strong demand for indigenous technology providers like CoreEL.
Investor Backing Signals Long-Term Confidence
The participation of ValueQuest Scale Fund as the lead investor reflects its conviction in CoreEL’s execution strength and long-term vision. Existing investor 360 ONE Asset, which had backed the company in its earlier funding round, also increased its stake, underlining continued belief in the company’s growth prospects.
According to industry observers, such repeat investments are a strong signal in capital-intensive sectors like aerospace and defence, where long product cycles and high entry barriers demand patient capital and technical depth.
Focus on R&D and Manufacturing Scale-Up
A major portion of the Series B funds will be directed towards strengthening CoreEL’s research and development capabilities. The company operates in highly specialised areas such as radar systems, avionics, electronic warfare, and secure military communications, where continuous innovation is critical.
In addition to R&D, CoreEL aims to expand its manufacturing infrastructure to meet rising order volumes from defence programmes. Enhanced production capacity will allow the company to execute larger contracts while maintaining strict quality and reliability standards required for mission-critical defence systems.
Strategic Expansion Through Acquisition
CoreEL has also been expanding its capabilities through strategic acquisitions. Recently, the company acquired the aerospace and defence systems division of Lekha Wireless. This move significantly strengthened CoreEL’s presence in military communications by adding new wireless technologies, indigenous intellectual property, and experienced engineering talent.
The acquisition has helped CoreEL deepen its footprint in the MILCOM segment, which is seeing increased demand as modern defence platforms rely heavily on secure, high-performance communication systems.
A Trusted Partner in India’s Defence Ecosystem
Founded in 1999, CoreEL Technologies has built a strong reputation over more than two decades as a trusted supplier of complex electronic systems. Its solutions are used across a wide range of defence platforms, including avionics systems, missile programmes, electronic warfare suites, sonar systems, and secure communication networks.
The company works closely with key defence stakeholders such as government research organisations, defence public sector units, and other strategic agencies. Its long-standing relationships and proven delivery track record have positioned it as a reliable partner for critical national defence programmes.
Riding the Wave of Atmanirbhar Bharat
CoreEL’s Series B funding aligns closely with India’s broader push for Atmanirbhar Bharat in defence and aerospace. Government policies encouraging domestic design, development, and manufacturing have created new opportunities for private technology firms.
With rising defence budgets, increasing localisation requirements, and growing exports of defence equipment, companies like CoreEL are well placed to benefit from long-term structural tailwinds in the sector.
What Lies Ahead
With fresh capital in hand, CoreEL Technologies is preparing for its next phase of growth. The company plans to deepen its involvement in marquee defence programmes, enhance its technology portfolio, and selectively explore international opportunities.
As India continues to strengthen its indigenous defence capabilities, CoreEL’s focus on advanced electronics and mission-critical systems positions it as a key player in shaping the future of the country’s aerospace and defence technology landscape.