Hyderabad startup LogiXair receives GrowthCap backing for cargo-aircraft development

GrowthCap Ventures says it has invested in Hyderabad-based aerospace startup LogiXair, alongside angel investors with professional backgrounds at Honeywell Aerospace. The October 21 announcement does not disclose the funding amount or valuation.

Founded by Bhanu Teja Chidura and Pulla Kapil, LogiXair is developing autonomous hybrid-electric aircraft for cargo transport. The investment is intended to support engineering, technology validation and commercialisation, according to the investor’s release distributed through NewsVoir.

The release describes prototype testing and a planned aircraft capability of up to 300 kg over 600 km. These are issuer-reported development details, not confirmation of a certified commercial cargo service or a network already operating at that scale.