Funding · AI & Deep Tech

Aeron Systems raises ₹45 crore in pre-series B funding

By Startup Enthusiast · 1 September 2026

What they do

Aeron Systems develops inertial navigation, weather sensing, and IoT technologies for aerospace, defence, and industrial applications

The company raised ₹45 crore in a pre-series B round led by Riverwalk Holdings and MGF-Kavachh to scale manufacturing and R&D

The funding will support international expansion and the development of new products for critical platforms like aircraft and solar energy projects

Pune-based deeptech firm Aeron Systems secured ₹45 crore ($4.7 million) in a pre-series B funding round.
The round was jointly led by Riverwalk Holdings and MGF-Kavachh (MountTech Growth Fund).
The company intends to use the capital to expand its manufacturing capacity and accelerate research and development.
Funds will also support the creation of new products and help the company meet rising customer demand.
A significant portion of the investment is earmarked for strengthening the company's presence in international markets.

The company serves critical sectors including aerospace, defence, and renewable energy with indigenous technology.
Its products are used by major organizations like the Indian Army, Indian Navy, and Hindustan Aeronautics Limited.
Investors highlighted the company's ability to provide navigation solutions for environments where satellite signals are jammed or denied.

Aeron Systems specializes in inertial navigation systems (devices that use sensors to track position and orientation without external signals).
The company provides weather monitoring and environmental sensing solutions for utility-scale solar projects.
Its product portfolio includes air data computers, flight test instrumentation, and avionics (electronic systems used on aircraft).
The company has deployed over 10,000 inertial systems and 1,500 weather stations globally over its 17-year history.
It serves over 200 customers across India, the Middle East, Asia, and Europe.

Riverwalk Holdings (lead) — A venture capital firm focused on backing high-growth technology companies.
MGF-Kavachh (lead) — Also known as MountTech Growth Fund, it invests in strategic technology and defence-related startups.

Product: Inertial navigation systems, air data computers, weather sensors, flight test instrumentation
Customers: Aerospace, defense, renewable energy and industrial organizations
How it makes money: Product manufacturing and sales to OEMs and defense contractors
What sets it apart: Resilient Positioning, Navigation and Timing technologies for GPS-denied environments