Aeron Systems, an Indian deep-tech company developing
advanced navigation, weather sensing and intelligent monitoring solutions for
aerospace, defence and industrial applications, has successfully closed its
Pre-Series B funding round, jointly led by Riverwalk Holdings and MGF-Kavachh
(MountTech Growth Fund).
The investment marks a significant milestone in Aeron’s
growth journey, enabling the company to expand manufacturing capabilities for
advanced inertial navigation systems, accelerate research and development, meet
rising customer demand and strengthen its presence in international markets. It
also reflects growing investor confidence in India’s ability to develop
globally competitive aerospace and defence technologies through indigenous
innovation.
Ashvani Shukla,
Co-Founder & Chief Executive Officer, Aeron Systems, said, “This
investment marks an important milestone for Aeron Systems as we enter our next
phase of growth. We are delighted to partner with investors who share our
long-term vision of building globally competitive technologies from India while
supporting the country's strategic and technological self-reliance.”
Abhijeet Bokil,
Co-founder and Managing Director, Aeron Systems, added, “Aeron is at a
stage of its journey where this investment will support its vision of global
expansion. This investment will bring Aeron’s proven customer satisfaction in
aerospace and renewable energy sectors and its expertise in sensing and
navigation technologies to international customers, while also strengthening its
manufacturing capabilities.”
Further elaborating on the investment, Air Chief Marshal (Retd.) R.K.S. Bhadauria, Chairman, Strategy & Oversight Board,
MGF-Kavachh, said, “Modern defence platforms require technologies that can
continue to operate reliably in contested environments. Aeron has built an
impressive portfolio of indigenous capabilities across aerospace sensing and
navigation, backed by strong engineering expertise and proven execution. Our
investment reflects confidence in the company's technology and leadership.”
According to Raj
Sethia, Founder & Managing Partner, MGF-Kavachh, “Aeron represents the
kind of sovereign-technology company that can help strengthen India's strategic
technology ecosystem. Aeron has demonstrated the ability to develop highly
differentiated technologies for some of the country's most demanding customers.
The company has built a strong foundation, and we are excited to partner with
the team as they accelerate the next phase of growth.”
Abhishek Singh,
Principal, Riverwalk Holdings, said, “Aeron Systems is one of the most
unique companies being built out of India. Over 18 years, the team has built a
product stack that sits at the intersection of two of the decade’s biggest
global tailwinds. The first is inertial navigation for GPS-denied, spoofed and
jammed environments, where we are already seeing a sharp rise in such cases
across defence and commercial platforms, a trend that will accelerate as the
adoption of electronic warfare increases. The second is making utility-scale
solar adoption intelligent through a combined software and hardware stack. We
are excited about the company's global ambitions and its efforts to keep
forward-integrating both stacks to capture more of the bill-of-materials cost
per platform.”
Demand for advanced aerospace and defence technologies is
increasing as governments worldwide invest in capabilities that can operate
reliably in increasingly complex and contested environments. From electronic
warfare and disruption of satellite navigation signals to the need for accurate
sensing and mission-critical data, modern defence platforms require
technologies that deliver precision, resilience and reliability under demanding
conditions.
Founded with the vision of building globally competitive electronics,
advanced sensor fusion and AI-driven technologies from India, Aeron Systems has
developed a portfolio of indigenous products spanning inertial navigation
systems, air data computers, weather and environmental sensing solutions,
flight test instrumentation, avionics and resilient Positioning, Navigation and
Timing (PNT) technologies.
These solutions support aircraft, helicopters, unmanned
platforms, missiles, armoured vehicles and naval platforms across defence,
aerospace and research applications.
Today, Aeron’s technologies are trusted by leading
organisations including Hindustan Aeronautics Limited (HAL), Bharat Electronics
Limited (BEL), the Defence Research and Development Organisation (DRDO), the
Indian Army and the Indian Navy.