LogiXair, a Hyderabad-based aerospace startup, raises seed funding from GrowthCap Ventures and Honeywell Aerospace angels to build autonomous aerial cargo networks.
Round Type
Seed
HyderabadTransportationAerospaceLogisticsInvestors
Description
LogiXair, founded by Bhanu Teja Chidura and Pulla Kapil, has closed seed funding from GrowthCap Ventures, an early-stage DeepTech VC firm, alongside angel investors with Honeywell Aerospace backgrounds. The company develops autonomous hybrid-electric VTOL aircraft for cargo logistics across India and international markets. LogiXair has validated TRL 6 technology, built six IP assets, and is engaged with DRDO for testing against real operational requirements. The funding will support the development of the L560, an autonomous hybrid-electric VTOL capable of carrying up to 300 kg over 600 km.
Quick answer
LogiXair raised an undisclosed amount in a Seed round, dated October 21, 2026. Investors: Honeywell Aerospace Angels and GrowthCap Ventures. LogiXair is based in Hyderabad, Telangana, India.
- How much did LogiXair raise?
- LogiXair raised an undisclosed amount in a Seed round on October 21, 2026.
- Who invested in LogiXair?
- Honeywell Aerospace Angels and GrowthCap Ventures are named as investors in this round.
- What does LogiXair do?
- LogiXair is a Hyderabad-based aerospace startup developing autonomous hybrid-electric VTOL aircraft for cargo logistics.
- Where is LogiXair based and how big is it?
- LogiXair is based in Hyderabad, Telangana, India. Fundz records about 10 employees.
- Who are the decision-makers at LogiXair?
- Fundz holds 1 contact at LogiXair, including the Co-Founder. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Transportation and Aerospace around the same time
Companies in the same sectors as LogiXair that raised within 45 days of this round, from Fundz verified event records.
- PORT raised $16M on November 10, 2026.
- Port raised $16M on November 10, 2026.
- Indrus raised $525K (Pre-Seed) on November 5, 2026.
- Breeze Airways raised $228M (Debt Financing) on November 5, 2026.
- Carryt raised an undisclosed amount (Corporate Round) on November 3, 2026.
- WeFly Aviation raised $15M (Series A) on October 28, 2026.
Who to call at LogiXair, and when
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- An alert the day LogiXair raises, hires an executive or expands, scored against what you sell
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