CoreEL Technologies India Private Limited, a Bengaluru-based leader in the field of advanced electronic systems and sub-system-level products, has officially declared the successful completion of the series B funding round, which has raised a total amount of $30 million. This large-scale capital inflow will be critical in the rapid expansion of the company over its ambitious growth strategies in the Aerospace and Defence industries, which are very specialized sectors. This funding is timely since the company is still trying to cement its status as a global powerhouse offering mission-critical solutions to the local and global markets. With this new capital in place, CoreEL is positioned well to continue its penetration of technology and improve its production capacity, such that it can continue to stay on top of this quickly changing defense electronics market.

Strategic deployment of the capital

The funding round Series B was also marked by the inflow being led by a majority of ValueQuest Scale Fund, and continued to be heavily supported by 360 ONE Asset. Of significant interest is the involvement of 360 ONE Asset since they were the initial institutional investors who led the company through the Series A round of financing. Through augmenting its ownership in this newest round, 360 ONE Asset has further emphasized its strong faith in the maturity of execution, scale of operations, as well as long-term growth outlook of CoreEL. This reinvestment on the part of an already established partner underscores the internal belief in the capability of CoreEL to fulfill the strict requirements of the strategic segments that it caters to.

The decision to introduce the ValueQuest Scale Fund as the first investor introduces an additional institutional confirmation to the business model of CoreEL, which is R&D-oriented. This milestone will be a big milestone for the company, as it shows it is on track thus far, and in its efforts to create some of the most innovative electronics products in India, it will not be far behind the expectations of leading growth investors. The partnership between these financial giants offers CoreEL the financial runway it needs in order to launch into its next stage of growth, which is to expand its operations to meet bigger and more complex program demands.

CoreEL Technologies has presented a detailed plan for the implementation of the newly raised $30 million, based on four core pillars of growth. A sizeable percentage of the proceeds will be used in expanding the manufacturing capacity of the company to accommodate high volume production of the complex electronic systems. The growth is essential because the company will be targeting large domestic and foreign aerospace and defense programs. Through the upgrading of its infrastructure, CoreEL will be assured that it is in a position to ensure that it is able to sustain high standards of precision and reliability expected in strategic applications, besides raising its total output.

Besides producing, the company is also committing itself more to research and development. This involves enhancing product engineering and intensifying the process of research and development in order to achieve sustainable long-term development by developing local intellectual property. The capital will also be used towards the development of engineering processes to enable CoreEL to find entry into more complex programs in the radar, electronic warfare, and avionics industries. This investment in innovation is aimed at making sure the company is competitive in a global market that requires continuous technological development and high-level equipment of electronic warfare equipment.

Financial performance and market presence

CoreEL Technologies is headquartered in Bengaluru, the technology hub in India, and has established a brand name for designing and producing advanced electronic systems in applications with critical strategic value. It is an expert in multiple critical areas, such as Radar, Electronic Warfare, Avionics, and Military Communications (MILCOM).

The company has an established history of producing and delivering premium electronic system-level products to a high-end clientele that comprises the Defence Research and Development Organisation (DRDO), different Defence Public Sector Undertakings (DPSUs), and the Ministry of Defence (MoD).

The products of the company are already in operation in parts of most modern next-generation systems in India, such as avionics systems, advanced radar arrays, Indian missile systems, and sonar systems. This extensive penetration into the national strategic plans indicates that CoreEL is significant to the defense infrastructure of the nation. The capacity to provide mission-critical solutions to the armed forces has made the firm a reliable partner to the defense agencies of the state, which is enhanced by the effort of coming up with technologies that promote national self-reliance programs in the aerospace and electronics segments.

The funding announcement is achieved after CoreEL has registered a series of imposing financial results and strategic growth. The company has claimed that it has experienced a drastic increase in its financial indicators, with the revenue of ₹334.9 crore in the financial year that ended in March 2025, as compared to the ₹255.3 crore in the prior year. More remarkable was the increase in net profit, which has gone up to ₹52.3 crore compared to ₹10.9 crore in the FY24. Such a rapid increase in bottom and top lines indicates that not only is CoreEL growing its market share, but it is also becoming efficient in its operations as it continues to expand its specialist engineering services and product sales.

To supplement this organic growth was the recent acquisition of the Aerospace and Defence Systems division of Lekha Wireless. This tactical acquisition has greatly diversified the communication systems offerings of CoreEL with proven wireless technology and specialized engineering resources.

The purchase in particular has enhanced the company’s capability in the MILCOM field, secure data connections, and SATCOM-enabled systems. The incorporation of this indigenous intellectual property into its current system has helped to enhance its capability to provide end-to-end vertically integrated solutions to its customers, which have made it a force to be reckoned with in the international military communications market.

Conclusion

The successful completion of the Series B funding of $30 million is a groundbreaking achievement for CoreEL Technologies. The company has developed the capacity to expand its manufacturing and research and development operations by acquiring the support of ValueQuest Scale Fund and 360 ONE asset, which has provided it with the needed financial base to take its manufacturing and research and development capabilities to unprecedented heights. This investment not only justifies the previous successes of this company, but also gives a clear mandate for future expansion both in the domestic and international markets.

With CoreEL keeping up with the innovation in the field of radar, avionics, and military communications, its dedication towards the development of indigenous communities will be crucial to enhancing the technological independence of the aerospace and defense industry. A sound financial base, a well-conceived growth plan, and an established management team have enabled CoreEL Technologies to become the next generation of strategic innovation in electronics.