GrowthCap Ventures Invests in LogiXair to Advance Autonomous Cargo Aircraft Technology

GrowthCap Ventures, an early-stage deeptech venture capital firm focused on technology-driven businesses, has invested in LogiXair, a Hyderabad-based aerospace and logistics company developing autonomous hybrid-electric Vertical Take-Off and Landing (VTOL) aircraft for cargo transportation across India and international markets. Angel investors with professional experience at Honeywell Aerospace have also joined the funding round, bringing industry expertise and strategic insight.

Founded by Bhanu Teja Chidura and Pulla Kapil, LogiXair aims to address a key gap in India's logistics network: fast and reliable short-haul cargo movement over distances of up to 600 km between metropolitan areas, industrial hubs and Tier II and Tier III cities, without requiring conventional runways. The company also has plans to expand into international markets. Its engineering-focused team brings expertise in aerospace engineering, autonomous systems, robotics and software, with experience spanning research and commercial technology systems. LogiXair has validated a hybrid-electric powertrain, flight-tested sub-scale prototypes and developed six intellectual property (IP) assets at Technology Readiness Level (TRL) 6. Through work with DRDO and other aerospace and defence original equipment manufacturers (OEMs), the team tests its technology against practical operational requirements. Revenue from these activities also supports a capital-efficient route towards commercialisation.

The company's L560 is an autonomous hybrid-electric VTOL aircraft designed to carry up to 300 kg over a distance of 600 km. Combined with modular cargo containers, autonomous ground-handling systems and fleet operations software, the platform is intended to create an additional logistics layer alongside road, rail and conventional aviation. This integrated approach could support the expansion of India's logistics market and provide opportunities for international exports. The investment will support further engineering, technology validation and commercialisation, while the company explores partnerships across logistics, industrial and strategic sectors.

LogiXair's development comes as India's deeptech and aerospace ecosystem gains momentum, supported by initiatives such as the government's ₹1 lakh crore Research, Development and Innovation (RDI) Scheme, which aims to accelerate domestic technology development and commercialisation. With growing interest in autonomous aviation, advanced mobility and strategic technologies, the company sees opportunities to develop globally competitive aerospace solutions in India.

"Our vision is to build a new layer of logistics infrastructure that makes regional cargo transportation faster, more flexible and less dependent on traditional transportation networks. We are developing an integrated platform that combines autonomous aviation, hybrid-electric propulsion, and intelligent cargo handling. GrowthCap Ventures' backing, together with support from experienced aerospace professionals, strengthens our journey towards building scalable aerial logistics infrastructure for India and global markets," said Bhanu Teja Chidura, Co-founder, LogiXair.

"Logistics is one of India's largest and most underserved infrastructure opportunities, and LogiXair is addressing it with considerable engineering depth. Bhanu brings more than eight years of experience in aerial robotics and holds an EASA pilot's licence. Alongside Kapil and a team supported by advisors from Honeywell and IIT Hyderabad, he has progressed from concept to a flying hybrid-electric VTOL, developed six IP assets and built a revenue-generating defence engineering business. The platform could initially serve defence and offshore logistics before expanding into India's middle-mile cargo market, with Europe and Asia-Pacific offering natural international opportunities. That execution gave us conviction and demonstrates India's potential to build globally relevant deeptech companies," said Pratekk Agarwaal, Founder and General Partner, GrowthCap Ventures.

About GrowthCap Ventures: The Operator VC Backing India's Early-Stage Deeptech, Fintech and AI Founders

GrowthCap Ventures is a SEBI-registered Category II, operator-led fund that invests alongside founders at the seed stage in deeptech, fintech and artificial intelligence (AI). Deeptech represents approximately 40% of its portfolio. The fund is led by Founder and General Partner Pratekk Agarwaal, an IIM Kozhikode alumnus whose professional experience includes Bajaj Finserv, Fullerton India, IndoStar Capital and BharatPe. The firm combines his operating experience with capital, strategic advice and an institutional network to support founders.