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Defence electronics firm CoreEL Technologies raises $30 million from ValuQuest, 360 ONE Asset

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Defence electronics firm CoreEL Technologies raises $30 million from ValuQuest, 360 ONE Asset

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Aerospace and defence electronics company-CoreEL Technologies has raised $30 million led by ValueQuest, with participation from existing investor 360 ONE Asset.

The fresh capital will be used to scale manufacturing, strengthen research & development and product engineering, and support participation in large and complex aerospace and defence programmes in India and overseas, the company said in a statement.

Founded in 1999 and headquartered in Bengaluru, CoreEL designs and manufactures advanced electronic systems and sub-systems used in radar,…

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