GrowthCap Ventures Backs LogiXair's Autonomous Cargo VTOL
GrowthCap Ventures has invested in LogiXair, a Hyderabad-based deep-tech aerospace and logistics company. Angel investors with professional backgrounds at Honeywell Aerospace also joined the round.
LogiXair is developing autonomous hybrid-electric Vertical Take-Off and Landing (VTOL) aircraft for cargo logistics. The company is focused on short-haul cargo movement of up to 600 km between metros, industrial hubs and Tier II and III cities, without conventional runways.
The L560 is an autonomous hybrid-electric VTOL carrying up to 300 kg over 600 km. Together with modular cargo containers, autonomous ground handling and fleet operations software, it forms a new logistics layer alongside road, rail and conventional aviation.
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The company has validated its 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.
"Logistics is one of India's largest and most underserved infrastructure opportunities, and LogiXair is attacking it with rare engineering depth,"
said Pratekk Agarwaal, Founder and General Partner, GrowthCap Ventures.
"That execution is what gave us conviction, and it shows that India has the engineering talent to build globally relevant deep-tech companies."
"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,"
said Bhanu Teja Chidura, Co-founder, LogiXair.
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