The Delhi-born Dehlvi was awarded for his camera work in the film, which is inspired by the work of legendary writer Phillip K Dick.
The film, directed by Mike Pappa, is narrated through the gaze of a young boy and touches up themes of war and technology.
"When I started shooting in Los Angeles in 2012, I realised that my outsider's perspective gave me a unique insight into American culture, into the psyche of characters, and into the story I was filming," Dehlvi said when asked about his win.
The two-day festival, which promotes Asian and Asian-American cinema, was held on January 26 and 27.
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