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Aeron Systems raises Rs 45 crore ($4.7M) in Pre-Series B round led by Riverwalk Holdings and MGF-Kavachh to expand manufacturing and R&D.

PRIVATESep 01, 2026•3 days ago

Amount Raised

$4.7 Million

Round Type

Series B

PuneManufacturingNavigation

Investors

Mount Tech Growth FundMgf KavachhRiverwalk Holdings

Description

Pune-based deeptech company Aeron Systems has raised Rs 45 crore (approximately $4.7 million) in a Pre-Series B funding round jointly led by Riverwalk Holdings and MGF-Kavachh (MountTech Growth Fund). The capital will be used to expand manufacturing capacity, accelerate research and development, develop new products, and strengthen international market presence. Aeron Systems develops navigation, weather sensing, and monitoring technologies for aerospace, defence, and industrial applications. The company plans to continue scaling operations and expanding into renewable energy applications.

Company Information

Company

Aeron Systems

Location

Pune, Maharashtra, India

About

Aeron Systems is a Pune-based deeptech company founded by Ashvani Shukla and Abhijeet Bokil that develops navigation, weather sensing, and monitoring technologies for aerospace, defence, and industrial applications. The company's product portfolio includes inertial navigation systems, air data computers, weather sensing solutions, flight test instrumentation, avionics, and positioning, navigation and timing technologies. Its solutions are used across aircraft, helicopters, unmanned platforms, missiles, armoured vehicles, and naval platforms. Beyond these sectors, Aeron is expanding into renewable energy applications with solutions for utility-scale solar projects.

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Funding Insights

Based on industry data
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Aeron Systems raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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