CoreEL Technologies Secures $30M Series B for Defence Expansion

• Bengaluru-based CoreEL Technologies raised $30 million in Series B funding.
• ValueQuest Scale Fund led the round, with existing investor 360 ONE Asset increasing its stake.
• Funds will scale manufacturing, deepen defence presence, boost R&D, and strengthen product engineering.
• CoreEL designs and manufactures electronic systems for radar, EW, avionics, and military communications for DRDO and MoD.
• Recently acquired Lekha Wireless's A&D division, expanding its communications portfolio and indigenous IP.

Why It Matters: CoreEL Technologies' $30M funding fuels its growth in India's aerospace and defence sector.