US EditionDefence Electronics Firm CoreEL Technologies Raises $30 Mn
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Defence Electronics Firm CoreEL Technologies Raises $30 Mn
Bengaluru-based aerospace and defence technology company CoreEL Technologies has raised $30 Mn (about INR 268 Cr) in its Series B funding round. The round was led by ValueQuest Scale Fund and saw participation from existing investor 360 ONE Asset Management, which led the company’s Series A round. CoreEL plans to use the fresh capital to scale its manufacturing capacity, increase spending on R&D, and fund participation in large and complex aer…
Aerospace-Defence Firm CoreEL Technologies Raises $30 Mn in Series B Funding
Bengaluru-based CoreEL Technologies has raised $30 million in a Series B funding round to scale manufacturing operations, expand research and support aerospace and defence programmes in India and overseas. The round saw a majority investment from ValueQuest Scale Fund, with participation from 360 ONE Asset, the company said in a statement. Steer Advisors acted as the sole transaction advisor for the fundraise. The company designs and manufactur…
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