BP Ventures

Overview

BP Ventures is the corporate venture capital arm of BP, established to identify and invest in private, high-growth technology companies that can accelerate innovation across the entire energy spectrum. The firm focuses on five core domains: advanced mobility, bio & low-carbon products, carbon management, power & storage, and digital transformation. Investments typically range from $2 million to $20 million, targeting companies from Series A to late-stage growth. The firm's strategy involves supporting BP's operations by investing in technologies that align with BP's sustainability goals, including becoming a net-zero company by 2050 or sooner. BP Ventures also seeks to invest in the transition to a lower-carbon future by backing breakthrough innovations and longer-term, next-generation technologies. Additionally, the firm explores 'white space' opportunities by investing in disruptive technologies that can inform and support the development of future BP strategies. Since its inception, BP Ventures has invested over $1.2 billion in approximately 75 startups, deploying four funds. The firm has a global presence, with investments in various countries, including the United States, Brazil, Australia, and several European nations. BP Ventures provides founders with access to BP's extensive global network, aiming to accelerate and scale their companies effectively. BP Ventures' portfolio includes companies such as Lightsource bp, a leading developer of onshore renewables and energy storage assets, and Archaea Energy, the largest renewable natural gas producer in the U.S. The firm's investments span various sectors within the energy industry, reflecting its commitment to driving the energy transition and supporting sustainable energy solutions worldwide.

Investment Focus

• Innovative technologies
• Visionary founders
• Alignment with BP's sustainability goals
• Potential to revolutionize the energy sector

Portfolio Companies