3 weeks ago
The Chennai Angels Backs LogiXair to Boost India's Aerial Logistics
Some grown-ups called angel investors help new companies get started by giving them money.
One group, The Chennai Angels, decided to give money to a company called LogiXair.
LogiXair is building special flying machines called cargo aircraft that can carry packages through the air.
These aircraft can carry up to 300 kilograms and fly as far as 600 kilometers.
That is like carrying three heavy adults over a very long distance without stopping.
Because they take off and land like helicopters, they do not need roads, railways, or big airports.
This means packages can reach smaller cities and towns much faster.
LogiXair wants to help deliver things like online shopping orders, medicine, and other important cargo.
The money from the angels will help the team build and test its flying machines.
If it works, it could change how things are delivered across India.
The Chennai Angels, one of India's leading angel investment networks, announced an investment in LogiXair.
LogiXair is a Hyderabad-based aerospace and logistics technology company building automated, hybrid-electric VTOL cargo aircraft.
The funding round also saw participation from the Kerala Angel Network and Lead Angels.
LogiXair's aircraft platform is designed to carry up to 300 kg over a range of 600 km for middle-mile cargo movement.
Founded by Bhanu Teja Chidura and Pulla Kapil, the company targets cargo routes under 600 km between metros and Tier II and Tier III cities.
- Who
- The Chennai Angels, along with the Kerala Angel Network and Lead Angels, invested in LogiXair, the company founded by Bhanu Teja Chidura and Pulla Kapil.
- What
- An investment in LogiXair to support development and commercialisation of its autonomous, hybrid-electric VTOL cargo aircraft for middle-mile logistics.
- Where
- LogiXair is based in Hyderabad, while The Chennai Angels is based in Chennai, India.
- When
- Announced on August 10.
- Why
- To address the need for fast, infrastructure-independent cargo movement across sub-600 km routes between metros and Tier II and Tier III cities in India.
Key facts
- Investors
- The Chennai Angels, Kerala Angel Network, Lead Angels
- Company
- LogiXair
- Founders
- Bhanu Teja Chidura and Pulla Kapil
- Headquarters
- Hyderabad, India
- Aircraft payload
- Up to 300 kg
- Aircraft range
- 600 km
- Target routes
- Sub-600 km middle-mile cargo routes
- TCA track record
- Over ₹200 crore invested across 99+ startups since 2007
Quotes
Bhanu Teja Chidura
Founder of LogiXair
“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.”
theprint.in
“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.”
theprint.in
Sources
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