CoreEL Technologies India Private Limited (CoreEL), a leading provider of advanced electronic system-level products and solutions for the Aerospace and Defence sector, has raised USD 30 million in Series B funding. The round was led by Value Quest and 360 ONE Asset. 360 ONE Asset, an early institutional backer of CoreEL, having led the company’s Series A round, has further increased its stake by participating in the Series B round, underscoring its conviction in CoreEL’s scale, execution maturity, and long-term growth trajectory.

Headquartered in Bengaluru, CoreEL designs, develops and manufactures advanced electronic system-level products for strategic applications in the Radar, Electronic Warfare, Avionics Milcom sectors and the company has delivered several critical high end electronic system level products and solutions to both strategic and commercial set of customers. CoreEL customers include DRDO, Defence Public Sector companies and MOD.

Umesh Agrawal, Fund Manager, 360 ONE Asset, said, “CoreEL has built strong capabilities in electronic systems development for aerospace and defence, supported by a clear strategic vision and an experienced management team. We were the first institutional investor to back the team’s vision, and this investment reflects our conviction in the platform they are building. We are pleased to deepen our partnership with CoreEL as it scales its operations and enters the next phase of growth.”