BP

BP Ventures serves as the corporate venture capital arm of BP, a global energy company undergoing a significant transformation towards becoming an integrated energy company with a net-zero ambition. Established to support BP's strategic goals, BP Ventures invests in innovative companies that align with the company's shift away from traditional oil and gas towards cleaner energy solutions and advanced technologies. Their investment thesis is deeply rooted in accelerating BP's transition, focusing on areas critical to the energy transition and future energy systems.

The firm's investment strategy is highly thematic, targeting sectors such as bio and low carbon products, digital and advanced mobility, power and storage, carbon management, and industrial decarbonization. BP Ventures seeks out disruptive technologies and business models that can contribute to reducing emissions, improving energy efficiency, and developing sustainable energy sources. They typically engage with companies from early-stage to growth-stage, often participating in Series A, B, and C funding rounds. Their global footprint allows them to identify and support promising ventures across various geographies, including North America, Europe, and Asia.

Beyond providing capital, BP Ventures aims to offer strategic value to its portfolio companies through BP's extensive industry expertise, global network, and operational capabilities. This can include facilitating partnerships, providing market access, and offering technical guidance, thereby accelerating the growth and commercialization of new technologies. The typical first check size for BP Ventures ranges from $5 million to $20 million, reflecting their commitment to substantial, impactful investments. Their portfolio spans over 50 companies, underscoring their active role in shaping the future of energy.