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



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,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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