From Battlefield to Boardroom: How CoreEL Technologies Is Powering India’s Defence Electronics Boom

In a world where technological superiority defines defence strategy, Indian aerospace and defence electronics firm CoreEL Technologies is emerging as a standout success story — securing major Series B funding and accelerating capabilities in critical defence systems.

On December 23, 2025, Bengaluru‑based CoreEL Technologies announced it had raised $30 million in a Series B funding round, underscoring investor confidence in its leadership, engineering depth, and roadmap to scale in both domestic and international defence markets. The round was led by ValueQuest Scale Fund, with continued participation from existing investor 360 ONE Asset, which also backed its earlier growth initiatives.

Fueling Growth: The $30M Series B Boost

CoreEL’s latest funding injection marks a significant milestone in its evolution from a niche defence contractor to a major player in aerospace and defence electronics. The $30 million will be strategically deployed to:

• Scale manufacturing capabilities to meet both Indian and global demand

• Strengthen research & development (R&D) for next‑gen defence systems

• Advance product engineering across its technology portfolio

• Support participation in large and complex aerospace and defence programmes domestically and abroad

This capital infusion follows the company’s earlier seed and Series A efforts — including a $16 million investment from 360 ONE Asset in 2023, which helped CoreEL expand R&D and manufacturing capacity.

According to CoreEL’s Managing Director Vishwanath Padur, this Series B round validates investor belief in the company’s long‑term vision and execution strength in highly strategic technology domains.

Strategic Expansion Through Acquisition

CoreEL didn’t just rely on capital markets to grow in 2025 — it also made a key acquisition that expanded its technical footprint. In early December, the company acquired the aerospace and defence systems division of Lekha Wireless, a move that significantly broadened its capabilities in military communications (Milcom) and secure tactical networking.

This acquisition brought in:

• Wireless and secure communications technologies

• Proven indigenous intellectual property

• Specialized engineering talent

The deal positions CoreEL to better serve rising demand for secure communication solutions across defence applications — from software‑defined radios (SDRs) and mesh radios to UAV communication systems and secure data links.

As the landscape of defence electronics grows more complex, this broader product portfolio ensures CoreEL remains competitive across multiple high‑value segments.

What CoreEL Does: Products That Power Defence Strategy

Founded in 1999 and headquartered in Bengaluru, CoreEL Technologies specialises in designing, developing, and manufacturing advanced electronic systems and sub‑systems used in:

• Radar systems

• Electronic warfare

• Avionics

• Military communications (MILCOM)

Its customer base includes major strategic institutions such as the Defence Research and Development Organisation (DRDO), Indian defence public sector undertakings, and the Ministry of Defence (MoD) — reflecting deep trust in its technology and delivery capabilities.

These technologies are integral to India’s push for indigenization, especially under government initiatives aimed at strengthening self‑reliance in defence manufacturing and reducing dependency on imports.

Capitalizing on India’s Defence Tech Momentum

CoreEL’s advancements come at a time when India’s defence ecosystem is undergoing a transformation. The government’s Atmanirbhar Bharat (Self‑Reliant India) policy framework and Defence Acquisition Procedures (DAP 2020) have significantly expanded opportunities for private sector participation in defence projects.

In parallel, strategic defence R&D spending has increased, and private firms are playing a larger role in developing deep‑tech solutions that were once dominated by state enterprises. This environment has benefited companies like CoreEL, which combine deep domain expertise with agility and innovation.

Investor Confidence: What It Signals for the Sector

The participation of ValueQuest Scale Fund and continued backing from 360 ONE Asset signals a broader trend in Indian private equity — a growing appetite for defence tech that integrates hardware sophistication with software‑driven capabilities.

According to ValueQuest’s Pushkar Jauhari, CoreEL’s positioning across aerospace and defence electronics, along with its track record of execution, aligns with the firm’s strategic focus on innovation‑led technology companies.

Such investor confidence is significant not only for CoreEL but also for the wider defence ecosystem, which has previously struggled to attract sizable private funding compared to software startups and consumer tech firms.

A Multi‑Tiered Growth Strategy

CoreEL’s growth strategy today is anchored in three pillars:

1. Product & Technology Leadership

Developing advanced electronics and subsystems for strategic defence applications ensures CoreEL remains at the forefront of mission‑critical innovation.

2. Manufacturing Scale

With the latest funding, CoreEL can boost production capacity, a critical factor as defence programmes increasingly demand indigenously produced systems with rigorous performance and quality standards.

3. Strategic Acquisitions & Partnerships

The acquisition of Lekha Wireless’s aerospace division strengthens communications systems capabilities — an area of escalating importance in modern defence networks.

These pillars collectively support participation in large programme contracts within India and enable growth aspirations in international defence markets.

The Road Ahead: What’s Next for CoreEL

With Series B funding, enhanced capabilities, and growing investor backing, CoreEL is poised to:

• Accelerate innovation in key defence electronics verticals

• Expand its footprint in large‑scale aerospace and defence programmes

• Forge global partnerships as defence supply chains diversify

• Contribute significantly to India’s strategic autonomy in defense technology

The company’s trajectory reflects a broader shift in the Indian defence landscape — one where private technology firms play a central role in innovation, R&D, and high‑complexity manufacturing.

Conclusion: A Rising Star in Defence Electronics

CoreEL Technologies’ recent funding success and strategic expansion illustrate the intersection of engineering depth, investor confidence, and national strategic priorities. As India continues to elevate its defence and aerospace capabilities, companies like CoreEL are not just participating in the ecosystem — they are leading it.

With its strong product portfolio, deep R&D focus, and enhanced manufacturing capabilities, CoreEL is well‑positioned to support both domestic defence objectives and global defence markets — making it one of India’s most promising technology innovators in the 21st century.