CoreEL Technologies raises USD 30 million in Series B funding to accelerate growth

CoreEL Technologies India Private Limited, a leading provider of advanced electronic systems and sub-system-level products for the aerospace and defence sector, has raised USD 30 million in a Series B funding round.

The funding round saw majority participation from ValueQuest Scale Fund and was strongly supported by 360 ONE Asset. 360 ONE Asset, an early institutional backer of CoreEL that led the company’s Series A round, has further increased its stake by participating again in the Series B round, reflecting its confidence in the company’s execution capabilities and long-term growth prospects.

CoreEL said the fresh capital will be used to accelerate its expansion plans, strengthen research and development capabilities, and scale manufacturing to meet growing demand from the aerospace and defence sectors. The company focuses on delivering high-reliability electronic solutions across platforms, catering to both domestic and global customers.

The successful fundraise comes amid rising demand for indigenous defence electronics and advanced systems, supported by government initiatives promoting self-reliance in defence manufacturing. With this investment, CoreEL aims to deepen its technological capabilities and enhance its position as a key player in India’s aerospace and defence electronics ecosystem.