• Investment will support in scaling manufacturing capacity, product innovation and global growth

New Delhi, [01/09/2026] – Aeron Systems, a fast-growing Indian deep-tech company that develops advanced navigation, weather sensing and intelligent monitoring solutions for aerospace, defence and industrial applications, today announced the successful closure of its Pre-Series B funding round, jointly led by Riverwalk Holdings and MGF-Kavachh (MountTech Growth Fund). 

The investment marks an important milestone in Aeron’s growth journey and will enable the company to expand manufacturing capabilities for advanced inertial navigation systems, accelerate research and development, meet increasing customer demand and strengthen its presence in international markets. It also reflects growing investor confidence in India’s ability to develop globally competitive aerospace and defence technologies through indigenous innovation. 

Speaking on the occasion, Ashvani Shukla, Co-Founder & Chief Executive Officer, Aeron Systems, said, “This investment marks an important milestone for Aeron Systems as we enter our next phase of growth. We are delighted to partner with investors who share our long-term vision of building globally competitive technologies from India while supporting the country’s strategic and technological self-reliance.”

Excited about this development, Abhijeet Bokil, Co-founder and Managing Director remarked, “Aeron is at a stage of its journey, where this investment will support its vision of global expansion. This investment will bring Aeron’s proven customer-satisfaction in aerospace and renewable energy sectors and its expertise in sensing and navigation technologies to international customers, while also fortifying it’s manufacturing capabilities.”

Further elaborating on the investment, Air Chief Marshal (Retd.) R.K.S. Bhadauria, Chairman, Strategy & Oversight Board, MGF-Kavachh, said, “Modern defence platforms require technologies that can continue to operate reliably in contested environments. Aeron has built an impressive portfolio of indigenous capabilities across aerospace sensing and navigation, backed by strong engineering expertise and proven execution. Our investment reflects confidence in the company’s technology and leadership.”

According to Raj Sethia, Founder & Managing Partner, MGF-Kavachh, “Aeron represents the kind of sovereign-technology company that can help strengthen India’s strategic technology ecosystem.”

“Aeron has demonstrated the ability to develop highly differentiated technologies for some of the country’s most demanding customers. The company has built a strong foundation, and we are excited to partner with the team as they accelerate the next phase of growth.”

Abhishek Singh
Principal, Riverwalk Holdings

“Aeron Systems is one of the most unique companies being built out of India. Over 18 years, the team has built a product stack that sits squarely at the intersection of two of the decade’s biggest global tailwinds. The first is inertial navigation for GPS-denied, spoofed, and jammed environments, where we are already seeing a sharp rise in such cases across defence and commercial platforms, a trend that will only accelerate as the adoption of EW increases in warfare. The second is making utility-scale solar adoption intelligent through a combined software and hardware stack. We are excited about the company’s global ambitions and its efforts to keep forward-integrating both stacks to capture more of the bill-of-materials cost per platform.”

Demand for advanced aerospace and defence technologies is increasing as governments worldwide invest in capabilities that can operate reliably in increasingly complex and contested environments. From electronic warfare and disruption of satellite navigation signals to the need for accurate sensing and mission-critical data, modern defence platforms require technologies that deliver precision, resilience and reliability under the most demanding conditions.

Founded with the vision of building globally competitive electronics, advanced sensor fusion, and AI-driven technologies from India, Aeron Systems has developed a broad portfolio of indigenous products spanning inertial navigation systems, air data computers, weather and environmental sensing solutions, flight test instrumentation, avionics and resilient Positioning, Navigation and Timing (PNT) technologies. These solutions support aircraft, helicopters, unmanned platforms, missiles, armoured vehicles and naval platforms across defence, aerospace and research applications.

Today, Aeron’s technologies are trusted by leading organisations including Hindustan Aeronautics Limited (HAL), Bharat Electronics Limited (BEL), the Defence Research and Development Organisation (DRDO), the Indian Army and the Indian Navy. 

About Aeron Systems

Founded in 2008 by two technology entrepreneurs, Aeron is a fast-growing deep-tech company delivering innovative solutions to global customers. Our versatile range of field-proven Navigation and Weather monitoring solutions are used widely in aerospace, automotive, defence, environmental monitoring, and renewable energy industries.

Our team of engineers, scientists, and designers specialise in high-reliability electronics, advanced sensor fusion, and AI-driven technologies. Over 18 years of innovation, Aeron has deployed more than 10,000 inertial systems and 2,500+ weather stations worldwide operating reliably in extreme environments, from high-altitude cold deserts to tropical regions, 24×7 throughout the year.

About MGF-Kavachh

MGF-Kavachh (MountTech Growth Fund) is a Securities and Exchange Board of India (SEBI)-registered Category II Alternative Investment Fund focused on deep technology, aerospace and national security. Led by Founder & Managing Partner Raj Sethia, the fund is guided by a Strategy and Oversight Board comprising distinguished former military leaders, senior government officials and industry experts committed to advancing India’s sovereign technology capabilities.

About Riverwalk Holdings

Riverwalk Holdings is a Securities and Exchange Board of India (SEBI)-registered Category II Alternative Investment Early-to-Growth Stage Venture Capital Fund. The fund has actively invested in R&D-led manufacturing plays that contribute to India’s strategic autonomy, and has been an early backer of companies including Elecbits, Mirana, Aerem, Fantail, and Sisir Radar amongst others.