Operator console · authenticated
FlyMax · ops
Incorporation timeline (30 days)
- Day 1open →MCA SPICe+ name reservationFlyMax Aerospace Pvt Ltd / FlyMax Robotics Pvt Ltd — check availability first
- Day 1open →Udyam (MSME) registration5 min, free. Unblocks bank rates + tender preference
- Day 7open →MCA SPICe+ Part B — incorporation~₹7K total, 7-10 days. Sriram ≥51% Indian promoter, NOT a GetMax subsidiary
- Day 14open →DPIIT Startup India — Deep Tech category20-yr runway, ₹300 Cr turnover ceiling. Free recognition
- Day 30open →SISFS via IIT Madras Incubation Cell (Taramani)₹20L prototype + up to ₹50L commercialization. IITMIC incubated ePlane — warmest path
- Q3-26open →iDEX Open Challenge₹1.5 Cr non-dilutive, next window 30-Jun-2026. Dual-use OK
Co-founder pipeline · 10 targets
- Chennai · TaramaniP0IIT Madras Center for Innovation (CFI)Public website + faculty email pattern
- Chennai · GuindyP0Anna Univ CEG — Aerospace + Tech SocietyPublic dept email + Tech Society LinkedIn
- Chennai · ChromepetP0MIT Chennai (Madras Inst. of Tech.) AerospaceDept email pattern
- Chennai · KattankulathurP0SRM IST Robotics + Aerospace clubsClub inbox / LinkedIn
- ChennaiP1Velammal Engineering AeroDept email
- ChennaiP1VIT Chennai AeroDept email
- ChennaiP1Hindustan Institute AerospaceDept email
- ChennaiP1Sathyabama AeroDept email
- Kanpur · remoteP1IIT-K UAV Group (EndureAir mothership)Club email · faculty pattern
- COEP Pune · Dec 18-20MUST-ATTENDROSCon India 2025 attendanceIn-person, all 3 days
05_cofounder.md on your laptop. Send Saturday — repo URL goes in, fast-rejection rule (no GitHub link in 24 hrs → out).Competitive map · locked positions
- FlytBase🚧 WALL
Indian-rooted, Pune, Nitin Gupta, BVLOS cert in 10 countries. Owns cloud-orchestration. Differentiator vs them: agent-native English-in vs their workflow config + dual-use RCM brain + MIT public.
- ePlane Co.🤝 BRIDGE
Satya Chakravarthy, IIT-M Discovery Campus. 60K sq ft serial production opened Feb 2026. DGCA DoA. $1B air-ambulance. Walking distance from IITMIC. The Phase-6 eVTOL partnership target.
- Raphe mPhibr📈 PRECEDENT
$100M Series B from General Catalyst, Jun 2025. Proves Indian capital flows to full-stack drone software at $100M scale.
- ideaForge / Garuda / AsteriaMAP CONTEXT
Hardware OEMs. Not the lane FlyMax is in. Asteria has a CBI probe — cautionary tale.
- Lilium / Volocopter💀 LESSON
Europe eVTOL dead 2025. Cert-heavy without revenue = insolvency. Never raise on certification — raise on revenue.
Cap-table & funding pacing (thinking only)
Pre-incorporation: repo public + sim live + community signups + registry pre-list. No equity moves. Zero cash.
Incorporation: 100% Sriram. Co-founder gets 5-10% with 4-yr vest + 1-yr cliff once picked. ESOP pool 10% reserved (issue later).
Non-dilutive Round 1 (Q3-26): SISFS (₹20-50L) + iDEX Open (₹1.5 Cr) + TIDE 2.0 / NIDHI-PRAYAS. ₹2-2.2 Cr realistic in 12 mo. Zero dilution.
Seed (2027, Phase 5 trigger): Speciale Invest lead (Chennai, deeptech/defence, ePlane portfolio). $500K-$1.5M at $5-10M post. ~15-20% dilution. Use of funds: hire 3 more engineers + Pixhawk hex fleet + first DaaS pilot.
Series A (Phase 5-6): $5-10M at $30-50M. General Catalyst (Raphe precedent) or Lightspeed / Accel India. Use: foundation-model policy + outdoor swarm + 2 anchor RaaS contracts.
All numbers indicative. Detailed model lives on your laptop only.