Chennai,
INDIA, 10th August, 2026 : The Chennai Angels (TCA), one of India's
leading angel investment networks, has announced an investment in LogiXair, a
Hyderabad-based aerospace and logistics technology company building automated,
hybrid-electric VTOL aircraft for middle-mile cargo movement. The round also
saw participation from the Kerala Angel Network and Lead Angels.
Founded
by Bhanu Teja Chidura and Pulla Kapil, LogiXair is addressing a critical gap in
India’s logistics ecosystem: Fast and reliable movement of cargo across sub-600
km routes, particularly between metros and Tier II and Tier III cities. Its
proposed cargo aircraft platform is designed to carry up to 300 kg over a range
of 600 km, enabling faster, infrastructure-independent delivery without
dependence on roads, rail networks or conventional airport infrastructure. The
company is addressing critical logistics challenges across sectors including
e-commerce, healthcare, manufacturing, defence, humanitarian relief, and remote
connectivity.
As
supply chains demand greater speed, resilience, and efficiency, LogiXair's
technology has the potential to reshape how critical cargo moves across regions
where traditional logistics infrastructure is limited. For LogiXair, the
investment will support the company's journey as it advances the development
and commercialisation of its autonomous cargo aviation platform, contributing
to the evolution of India's logistics infrastructure and reinforcing the
country's growing leadership in deep-tech innovation.
Commenting
on the fundraise, The Founder, Bhanu Teja Chidura said “We are excited to have
The Chennai Angels join us on this journey. Their support strengthens our
mission to build the next generation of short-haul aerial logistics
infrastructure. This investment strengthens our ability to accelerate product
development, validate key aircraft systems, and move closer to building a
scalable autonomous cargo aviation platform for India and global markets.
Investment
Director from The Chennai Angels (TCA), Ashish Mehta added, “Bhanu Teja Chidura
and the LogiXair team are taking a distinctive approach to autonomous
hybrid-electric cargo VTOL aircraft for middle-mile logistics. They have made
strong technical progress toward full-scale flight while securing commercial
interest across multiple routes in India. With growing opportunities in both
commercial logistics and defence, we believe LogiXair is well positioned to
lead the next generation of autonomous cargo aviation.”
About
The Chennai Angels
Founded
in 2007, The Chennai Angels (TCA) is one of India's leading angel investment
networks, bringing together over 150 investors. Since inception, TCA has
invested more than ₹200 crore across over 99 startups spanning diverse sectors,
supporting visionary entrepreneurs with capital, mentorship, and strategic
guidance.
About
LogiXair
LogiXair
is a deep-tech aerospace company developing autonomous electric VTOL cargo
aircraft and intelligent cargo handling systems that enable faster, more
efficient, and infrastructure-independent logistics. The company is focused on
building next-generation aviation technologies to transform cargo
transportation across commercial, industrial, and public sector applications.