Prasun KumarAshvani ShuklaPranit KumarAbhijeet BokilOppex AIInfo Edge VenturesAeron SystemsRiverwalk HoldingsMountTech Growth Fund

Aeron Systems raises Rs 45 crore in Pre-Series B round led by Riverwalk Holdings and MGF-Kavachh to scale manufacturing and R&D

Aeron Systems has raised ₹45 crore (approximately $4.7 million) in a Pre-Series B funding round led by Riverwalk Holdings and MGF-Kavachh. The funds will enhance manufacturing capacity, accelerate R&D, and support international market expansion, as the company develops technologies for aerospace, defense, and renewable energy sectors.

indianstartuptimes.com+1 source1 September 2026 · 17:24 UTC
CuriousCats Full Story

Aeron Systems has successfully raised ₹45 crore (approximately $4.7 million) in a Pre-Series B funding round led by Riverwalk Holdings and MGF-Kavachh. The funds will be utilized to enhance manufacturing capacity, accelerate research and development, and develop new products to meet rising customer demand.123

Founded by Ashvani Shukla and Abhijeet Bokil, Aeron Systems specializes in navigation, weather sensing, and monitoring technologies for aerospace, defense, and industrial applications. The company has built a diverse portfolio of products, including inertial navigation systems, air data computers, and flight test instrumentation, which are critical for various platforms such as aircraft, helicopters, and unmanned platforms.

The latest funding will allow Aeron to not only increase its manufacturing capacity but also to respond to customer demand and strengthen its operations in international markets. As part of its growth strategy, Aeron aims to expand its product portfolio while building a larger international customer base. The company is also venturing into renewable energy applications, developing solutions for utility-scale solar projects by integrating hardware and software capabilities.456789

With a focus on navigation, avionics, weather sensing, and monitoring technologies, Aeron Systems is poised to scale its presence across aerospace, defense, industrial, and renewable energy markets.

Key Insight
“The fresh capital will also support expansion into renewable energy, with solutions for utility-scale solar projects combining hardware and software. Aeron plans to strengthen its international presence and build a larger customer base across aerospace, defence, industrial, and renewable energy markets.”
CuriousCats studied:
1
indianstartuptimes.com
“Bengaluru based AI startup Oppex AI has raised Rs 4.2 crore in a pre seed funding round led by Info Edge Ventures.”
indianstartuptimes.com →
2
indianstartuptimes.com
“Pune-based deeptech company has raised Rs 45 crore, or approximately $4.7 million, in a Pre-Series B funding round jointly led by Riverwalk Holdings and MGF-Kavachh, also known as MountTech Growth Fund.”
indianstartuptimes.com →
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