IISc-based startup receives GoK Elevate 2024 grant

Hyflex Mobility Pvt Ltd – a startup incorporated by Prof RV Ravikrishna from the Department of Mechanical Engineering, and his former PhD student, Prasad Boggavarapu, is one of the 101 startups to receive the award for ELEVATE 2024 programme – an initiative to encourage entrepreneurship and innovation in Karnataka. The selected startups received a cumulative grant of Rs 25 crore, during the felicitation ceremony on 26 March 2025.

Hearty congratulations to the team!

Details: https://www.businessworld.in/article/karnataka-awards-rs-25-cr-in-grants-to-101-startups-under-elevate-2024-initiative-551811