PE-VC Fund Investments
Weather monitoring co. Aeron raises Rs.45-Cr led by Riverwalk Holdings, Mounttech Growth Fund
Pune-based Aeron Systems has raised INR 45 crore in a Pre-Series B funding round jointly led by Riverwalk Holdings and MGF-Kavachh (MountTech Growth Fund).Founded in 2008 by Ashvani Shukla and Abhijeet Bokil, Aeron Systems develops navigation, weather sensing, and monitoring technologies for aerospace, defence, and industrial applications.The firm’s product portfolio includes inertial navigation systems, air data computers, weather sensing solutions, flight test instrumentation, avionics, and positioning, navigation, and timing technologies, which are used across various platforms, including aircraft, unmanned platforms, missiles, and naval systems.The company plans to use the new funds to expand its manufacturing capacity, accelerate research and development, develop new products, and meet customer demand. Aeron will also use the capital to strengthen its presence in international markets.
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