Aeron Systems, a deeptech business based in Pune, has raised Rs 45 crore ($4.7 million) in a Pre-Series B fundraising round led by MGF-Kavachh (MountTech Growth Fund) and Riverwalk Holdings.
The increased funds will be utilized to increase production capacity, speed up R&D, create new goods, and satisfy consumer demand. The money will also be used by Aeron to increase its market share abroad.
Aeron Systems, which was founded by Ashvani Shukla and Abhijeet Bokil, creates navigation, weather sensing, and monitoring systems for use in industry, defense, and aerospace.
Inertial navigation systems, air data computers, weather sensing solutions, flight test equipment, avionics and positioning, navigation, and timing technologies are all part of its product line.
Aircraft, helicopters, unmanned platforms, missiles, armored vehicles, and naval platforms all employ the company’s goods. Additionally, Aeron is developing hardware and software solutions for utility-scale solar installations.
Aeron intends to grow its global clientele and keep adding new products to its lineup.
