GrowthCap Ventures Backs LogiXair To Build India's Autonomous Aerial Cargo Network

Hyderabad, Telangana, India: GrowthCap Ventures, an early-stage Deeptech venture capital firm focused on technology-led businesses, has invested in LogiXair, a Hyderabad-based deep-tech aerospace and logistics company developing autonomous hybrid-electric Vertical Take-Off and Landing (VTOL) aircraft for cargo logistics across India and international markets along with angel investors with professional backgrounds at Honeywell Aerospace have joined the round, adding aerospace industry experience and strategic insight.

Founded by Bhanu Teja Chidura and Pulla Kapil, LogiXair is closing a critical gap in India's logistics: fast, reliable short-haul cargo movement of up to 600 km between metros, industrial hubs and Tier II and III cities, without conventional runways, with a roadmap built for international markets as well. Its engineering-led team, spanning aerospace engineering, autonomous systems, robotics and software, with experience across both research and commercial technology systems, has validated a hybrid-electric powertrain, flight-tested sub-scale prototypes and built six IP assets at TRL 6. Working with DRDO and other aerospace and defence OEMs, the team tests its technology against real operational requirements, and the resulting revenue supports a capital-efficient path to commercialisation.