Coreel Technologies Secures $30 Million In Series B To Fuel Growth

Coreel Technologies, a Bengaluru-based provider of advanced electronic systems for aerospace and defence, has announced the successful closure of a $30 million Series B funding round. The round was led by ValueQuest Scale Fund, with continued support from existing investor 360 ONE Asset. This funding marks a pivotal moment in Coreel’s expansion strategy, enabling the company to deepen its capabilities and broaden its market reach.  

Key highlights from the announcement include  

• Coreel Technologies raised $30 million in Series B funding.  
• The round was led by ValueQuest Scale Fund, with participation from 360 ONE Asset.  
• Funds will be used to scale manufacturing capacity and strengthen product engineering.  
• The company will invest in R&D and support complex aerospace and defence programs in India and abroad.  
• The funding follows Coreel’s acquisition of Lekha Wireless’ aerospace and defence systems division.  
• The acquisition added indigenous IP and engineering talent to Coreel’s MILCOM portfolio.  
• Coreel aims to enhance its role in India’s strategic electronics ecosystem.  

This funding round positions Coreel Technologies to accelerate innovation and execution across critical defence and aerospace domains, reinforcing its leadership in indigenous high-tech solutions.  

Sources: Entrackr, StartupTalky, VC News Daily