About BP Ventures
BP Ventures is a venture capital firm founded in 2006. It is primarily based out of Sunbury on Thames, United Kingdom. As of Oct 2023, BP Ventures has invested in 31 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from High Tech to Enterprise Applications and Environment Tech. Most recently it participated in the $***** Series C round of Electric Hydrogen Overall, BP Ventures portfolio has seen 3 unicorns, 1 IPO and 7 acquisitions including key companies like Xpansiv, Electric Hydrogen and StoreDot. A lot of funds co-invest with BP Ventures, with names like Oxy sharing a substantial percentage of its portfolio. BP Ventures has team of 10 people.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 6 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
BP Ventures' List of Top Investments
BP Ventures has a portfolio of 31 companies, including 3 unicorns. Their most notable investments are in Calysta and Calysta.Their portfolio spans across United States, United Kingdom, Canada and 4 more locations. They have invested in High Tech, Enterprise Applications, Environment Tech and 23 other sectors, across stages such as Series A, Series B and 6 more. Here is the list of top investments by BP Ventures:
1. Blu-Smart
Platform offering electric vehicle fleet undergoing corporate insolvency resolution process. An insolvency professional has been appointed to manage the entity. The board of directors' powers are suspended, and management is vested in the resolution professional. Correspondence regarding the corporate insolvency resolution process should be directed to the designated email address.
Key facts about Blu-Smart
- Founded Year: 2019
- Location: Gurugram (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2024
- Last Known Valuation: $*****
- Stage: Deadpooled
- Total Funding till date: $159M
- Employee Count: 613 as on Feb 28, 2025
- Investors: SoftBank Group, BlackSoil and 280 Others
- Latest Funding Round: Series A, Dec 23, 2024, $*****
2. Xpansiv
Offsets and renewable energy marketplace. Xpansiv is the world’s liquidity hub for ESG commodities such as carbon offsets, Renewable Energy Certificates (RECs), differentiated fuels, among others, providing a centralized platform for buyers and sellers to fulfill their ESG commitments.
Key facts about Xpansiv
- Founded Year: 2016
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $712M
- Employee Count: 264 as on Jul 31, 2026
- Investors: Goldman Sachs, Vitruvian Partners and 24 Others
- Latest Funding Round: Series D, Jan 11, 2023, $*****
- Highlight: Editors' Pick
Manufacturer of advanced electrolyzer systems for clean hydrogen production solutions. The company provides fully integrated solutions with pre-engineered designs ready for project site assembly. It focuses on serving industries such as refineries, eFuels, metals, chemicals, and ammonia production. The company aims to facilitate the transition from fossil-based processes to clean hydrogen alternatives.
Key facts about Electric Hydrogen
- Founded Year: 2020
- Location: San Carlos (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $603M
- Employee Count: 298 as on Jul 31, 2026
- Investors: Stifel, Trinity Capital and 26 Others
- Latest Funding Round: Conventional Debt, May 09, 2024, $*****
- Highlight: Editors' Pick
4. StoreDot
Manufacturer of fast charging batteries for electric vehicles. The company develops lithium batteries by combining nanostructural materials with organic binders and electrolytes to offer optimized batteries for multiple sectors.
Key facts about StoreDot
- Founded Year: 2012
- Location: Herzliya (Israel)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $226M
- Employee Count: 91 as on Jul 31, 2026
- Investors: EG Capital Advisors, Veligera Capital and 35 Others
- Latest Funding Round: Series D, May 24, 2022, $*****
- Highlight: Editors' Pick
Developer of hybrid artificial intelligence solutions for industrial enterprise applications. The company provides artificial intelligence applications designed for complex industrial environments. It offers solutions to optimize operations and enhance efficiency. The company’s artificial intelligence combines generative intelligence with advanced reasoning to automate operational challenges. It delivers artificial intelligence solutions tailored for specific industrial needs.
Key facts about Beyond Limits
- Founded Year: 2014
- Location: Glendale (United States)
- Stage: Series C
- Total Funding till date: $158M
- Employee Count: 267 as on Jul 31, 2026
- Investors: DSA Investments, BP Ventures and 5 Others
- Latest Funding Round: Series C, Sep 22, 2020, $*****
- Highlight: Editors' Pick
BP Ventures' Year-on-Year Investment Trends
BP Ventures has invested in 31 companies over the last 14 years, with an average of 2 new investments annually in the last 10 years. Its most recent first time investment was in Electric Hydrogen and most recent follow-on round was in StoreDot.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 0 | 1 | 1 |
2021 | 3 | 1 | 4 |
2020 | 2 | 0 | 2 |
2019 | 8 | 2 | 10 |
2018 | 3 | 1 | 4 |
2017 | 4 | 0 | 4 |
BP Ventures' Investments by Stage
BP Ventures has made 14 investments in Series A stage with an average round size of $14.9M, 7 investments in Series B stage with an average round size of $38.1M and 2 investments in Series C stage with an average round size of $200M.Stage of entry | No. of Investments |
|---|---|
Series A | 14 |
Series B | 7 |
Series C | 2 |
Series D | 2 |
Conventional Debt | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
BP Ventures' Investments by Sector
BP Ventures has a diverse portfolio, with companies operating in the Sustainability Tech, Energy Tech, Environment Tech, High Tech and Auto Tech. Notably, it has invested in 26 Enterprise (B2B) companies, 26 Tech companies, 10 Software companies and at least 9 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Sustainability Tech | 15 |
Energy Tech | 12 |
Environment Tech | 12 |
High Tech | 12 |
Auto Tech | 10 |
Others | 53 |
Note: We have considered here, only first round of investments
BP Ventures' Investments by Geography
BP Ventures has made most investments in United States (18), followed by United Kingdom where it has made 4 investments.Country | No. of Investments |
|---|---|
United States | 18 |
United Kingdom | 4 |
Canada | 2 |
Finland | 1 |
India | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
BP Ventures' recent investments
BP Ventures has not made any investment in 2026 so far.Here are the most recent investments by BP Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 03, 2023 | United States | Series C | 6112 | [+16] | |
Jan 04, 2022 | Israel | Series D | 4295 | ||
Sep 10, 2021 | United States | Series D | 4207 | [+1] | |
Aug 12, 2021 | India | Series A | 5598 | [+46] | |
Feb 16, 2021 | Canada | Series B | 7003 |
Unicorns in BP Ventures' Portfolio
BP Ventures has 3 unicorns in its portfolio - Electric Hydrogen, Xpansiv and StoreDot. The most recent unicorn in their portfolio is Electric Hydrogen. It became a unicorn in 2023.Here is a list of unicorns in BP Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
64 | Manufacturer of advanced electrolyzer systems for clean hydrogen production solutions | 2020 | San Carlos | Series C | yvuviqb | ||
70 | Offsets and renewable energy marketplace | 2016 | San Francisco | Series D | awmr{js | ||
63 | Manufacturer of fast charging batteries for electric vehicles | 2012 | Herzliya | Series D | wbvn{hg |
IPOs and Publicly Listed companies in BP Ventures' Portfolio
1 of BP Ventures' portfolio company became public - Lightning eMotors. It got listed on the Frankfurt Stock Exchange (FRA), in May 2021 at marketcap of $268MHere are BP Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 07, 2021 | Dec 04, 2019 | Conventional Debt | 4184 |
Acquired companies in BP Ventures' Portfolio
7 companies from BP Ventures' portfolio have been acquired. The most recent acquisition was Finite Carbon in Feb 2025 by Boreal Carbon for $*****.Here are BP Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 13, 2025 | Oct 25, 2019 | Series A | 1047 | |
Feb 05, 2025 | Jan 08, 2019 | Series A | 2863 | |
Nov 26, 2024 | - | - | 2353 | |
Apr 18, 2024 | Nov 07, 2019 | Series A | 6804 | |
Oct 19, 2022 | Feb 16, 2021 | Series B | 4754 |
Team profile of BP Ventures
BP Ventures has a team of 10 members including 7 Principals located in United Kingdom and United States. BP Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in BP Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Principal | London | - | - | |
Principal | Houston | - | - | |
Principal | London | - | ||
Principal | Houston | - | ||
Principal | London | - | ||
Principal | Houston | - | ||
Principal | London | - |
Co-investors of BP Ventures
Over the past 14 years, 485 investors have co-invested in BP Ventures's portfolio companies. This includes funds and angels.
- Invested before BP Ventures: Castrol InnoVentures, BP Ventures and 245 others have invested in rounds before BP Ventures. There are 3 companies where Castrol InnoVentures has invested before BP Ventures and 2 companies where BP Ventures has invested before BP Ventures.
- Top Co-investors of BP Ventures: 61 investors entered a company along with BP Ventures. These include investors like Oxy (2 companies).
- Invested after BP Ventures: A total of 177 investors have invested in BP Ventures's portfolio after their investments. Top Investors include BP Ventures (9 companies), Volvo Cars (2 companies) and Europa (2 companies).
Recent News related to BP Ventures
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Switzerland-based responsAbility to invest up to $25 million in BluSmartBusiness Standard•Jan 29, 2024•Blu-Smart, responsAbility, Uber, Ola and 8 others
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BluSmart Mobility raises $25.6 million at the Series A funding roundSmart Branding•Sep 30, 2021•Blu-Smart, BP Ventures, 9Unicorns, BP Ventures and 3 others
