Aeron Systems raises Rs 45 Cr in Pre-Series B funding
Pune-based deeptech company Aeron Systems has raised Rs 45 crore ($4.7 million) in a Pre-Series B funding round, jointly led by Riverwalk Holdings and MGF-Kavachh (MountTech Growth Fund).
Founded by Ashvani Shukla and Abhijeet Bokil, Aeron Systems develops navigation, weather sensing and monitoring technologies for aerospace, defence and industrial applications.
Its product portfolio includes inertial navigation systems, air data computers, weather sensing solutions, flight test instrumentation, avionics and positioning, navigation and timing technologies.
The company’s products are used across aircraft, helicopters, unmanned platforms, missiles, armoured vehicles and naval platforms.
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The fresh capital will be used to expand manufacturing capacity, accelerate research and development, develop new products and meet customer demand. Aeron will also use the funds to strengthen its presence in international markets.
Aeron is also working on solutions for renewable energy applications, combining hardware and software for utility-scale solar projects.
Aeron plans to continue developing its product portfolio and expand its international customer base.
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