Having graduated from Woxsen University's B.Des (Hons.) Industrial Design (2019-2023), Paresh Mistry has obtained significant money to help his firm, Avisa Automotive, soar. Comprising eighteen lakhs, the money has been given by esteemed institutions, including:

  • 10 Lakhs Grant: IIT Hyderabad, ITIC Incubator (TiHAN Program)
  • 8 Lakhs Grant: Science and Technology Park, Pune (NIDHI Prayas Program)

The TiHAN and NIDHI Prayas program funds early-stage startups to develop innovative, commercially viable prototypes.It encourages experimentation for quicker market entrance and helps prototype development, therefore allowing ideas to become practical solutions. Through access to laboratories, mentoring, and industry expert networking, the program develops startup capability.

"What began as a classroom idea has evolved into a mission-driven startup," stated Paresh Mistry, an alumnus of Woxsen University and founder of Avisa Automotive. " Accelerating our path and realizing our objective would depend much on the money from STP Pune and IIT Hyderabad. Our mission is to empower the vendor community, thereby improving their lives.

This funding will help Avisa Automotive build and test its creative electric utility car, which is meant to empower Indian street merchants. Cooking, selling fruits and veggies, and beverage service are just a few of the vending operations this little mobile store is ready to handle.

Emphasizing the initiative, Anshik Hota, Manager - Ecosystem/Operations at ITIC Incubator, IIT Hyderabad, said, "At ITIC Incubator IIT Hyderabad, we are dedicated to fostering ideas that cause significant change. With their creative prototype, which we felt to be a powerful, investable solution, Avisa Automotive really impressed us.

Woxsen University has greatly enhanced Paresh's business drive. Together with the direction of seasoned faculty members, including Prof. Santosh Kocherlakota, Mrudul Chilmulwar, Prateek Ashok, Sanjay Guria, Shivaram Reddy, and the whole design faculty, the university's supportive environment has helped him to translate his creative ideas into practical solutions.

Avisa Automotive is committed to providing street sellers sustainable, quick, reasonably priced solutions so they may change their lives. The electric utility vehicle of the startup helps suppliers to access more customers, boost their profits, and enhance their general standard of living.

Woxsen University, situated in Hyderabad, is among the pioneering private universities in Telangana, India. Celebrated for its 200-acre cutting-edge campus and facilities, Woxsen University provides innovative, transformative programs in Business, Technology, Arts & Design, Architecture, Law, and Liberal Arts & Humanities. Woxsen also features Asia's biggest sports infrastructure, spanning 60 acres. Woxsen also has Asia's biggest sports infrastructure. Having 170+ Global Partner institutions and a solid industry relationship, Woxsen is among the best institutions for Academic Excellence and Global Edge. Woxsen also ranks #11 All India, Top 100 B-Schools by Times B-School Ranking 2024, Rank #15 All India, Top Private B-School by BusinessWorld 2023, and appears in India's Best B-Schools outside IIMs by Dalal Street Investment Journal 2024. Outlook I-CARE ranks Woxsen as one of the Top Professional Colleges in India based on its undergraduate programs; All India Rank 12 among the Top 130 BVA Private Institutes, All India Rank 20 among the Top 160 B.Tech Private Institutes, All India Rank 3 among the Top 25 Design Private Institutes, and All India Rank 3 among the Top 30 B.Arch Privateaires.