BP Ventures

BP Ventures is the corporate venture capital arm of BP plc, established to identify and invest in high-growth technology companies that align with BP's strategic objectives, particularly its transition to an integrated energy company with net-zero ambitions. Operating globally with offices in key innovation hubs like London, Houston, San Francisco, and Shanghai, the firm plays a crucial role in scouting and scaling disruptive technologies across various sectors. Their investment thesis centers on areas critical to the energy transition, including low carbon power, advanced mobility, digital solutions, carbon management, and advanced materials.

The firm typically invests in companies from Series A to Series C stages, providing not only capital but also strategic support, industry expertise, and access to BP's vast operational infrastructure and market reach. BP Ventures seeks to build long-term partnerships with portfolio companies, fostering innovation that can both deliver financial returns and accelerate BP's own transformation. Their investments are designed to complement BP's core businesses while exploring new growth opportunities in the evolving energy landscape.

Since its inception in 2006, BP Ventures has demonstrated a significant commitment to fostering innovation, having invested over $800 million across more than 80 companies globally. This extensive portfolio reflects their broad interest in technologies that can decarbonize energy systems, enhance operational efficiency, and develop sustainable solutions for the future. Their typical first cheque sizes range from $5 million to $20 million, although they are capable of participating in larger rounds and providing follow-on funding as companies grow. This strategic approach positions BP Ventures as a key player in the global venture capital ecosystem, driving forward the energy transition through targeted investments in cutting-edge technologies.