About Castrol InnoVentures
Castrol InnoVentures is a venture capital firm founded in 2011. It is primarily based out of Pangbourne, United Kingdom. As of May 2016, Castrol InnoVentures has invested in 8 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Auto Tech to Enterprise Applications and High Tech. Most recently it participated in the $***** Series B round of Zubie Overall, Castrol InnoVentures portfolio has seen 1 IPO and 3 acquisitions, namely RepairPal, Lightning eMotors and Mtell. A lot of funds co-invest with Castrol InnoVentures, with names like Cars.com sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Grant (prize money) & 2 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
Castrol InnoVentures' List of Top Investments
Castrol InnoVentures has a portfolio of 8 companies. Their most notable investments are in RepairPal and Lightning eMotors.Their portfolio spans across United States, Denmark and United Kingdom. They have invested in Auto Tech, Enterprise Applications, High Tech and 10 other sectors, across stages such as Series A, Grant (prize money) and 2 more. Here is the list of top investments by Castrol InnoVentures:1. RepairPal
RepairPal offers a price estimator for car repairs, a directory of local mechanics, expert car advice, and an online service record. The site offers detailed price estimates for the most common mechanical repairs, giving consumers the information they need to pick a mechanic. RepairPal has created a marketplace for high-quality auto repair, called Top Shop. This feature helps users find repair shops that are vetted by RepairPal to ensure that customers get a fair price and quality repair work and parts.
Key facts about RepairPal
- Founded Year: 2007
- Location: Emeryville (United States)
- Stage: Acquired
- Total Funding till date: $38.2M
- Employee Count: 83 as on May 31, 2026
- Investors: Tugboat Ventures, USAA and 10 Others
- Latest Funding Round: Series C, Dec 05, 2017, $*****
- Highlight: Acquired
SaaS-based management solutions for EV charging station operators. It offers electric-vehicle charging solutions that include charging management software, charging devices, analytics, and more. It also develops multi-category electric vehicles like medium and heavy-duty vehicles like delivery trucks, shuttle buses, passenger vans, and others.
Key facts about Lightning eMotors
- Founded Year: 2008
- Location: Loveland (United States)
- Annual Revenue: $10M - $50M as on Dec 31, 2022
- Stage: Public
- Total Funding till date: $56.5M
- Employee Count: 42 as on May 31, 2026
- Investors: GigCapital, Castrol InnoVentures and 7 Others
- Latest Funding Round: Series C, Dec 04, 2019, $*****
- Highlight: Public
3. Zubie
Provider of plugin device to monitor vehicle data and usage-based Insurance. It makes a hardware dongle and provides associated apps that deliver real-time feedback about the vehicle and driver. Its dongle plugs into the steering column and aggregates data about system functions and can suggest tune-ups or other actions. It also purports to save drivers money by alerting them to issues before they turn into costly repairs, and by pointing out more fuel-efficient routes. Its business solution includes fleet management and Usage-Based-Insurance.
Key facts about Zubie
- Founded Year: 2012
- Location: Charleston (United States)
- Stage: Series B
- Total Funding till date: $33.5M
- Employee Count: 34 as on May 31, 2026
- Investors: BP Ventures, Decathlon Capital Partners and 7 Others
- Latest Funding Round: Series B, Jan 05, 2022, $*****
- Highlight: Editors' Pick
4. Peloton Tech
Saas-enabled platform offering autonomous and truck platooning systems. Peloton’s system uses radar and DSRC vehicle-to-vehicle communications to link active safety systems between pairs of trucks, reducing collision-related expenses and fuel costs. It offers hardware-enabled system to clients.
Key facts about Peloton Tech
- Founded Year: 2011
- Location: Menlo Park (United States)
- Stage: Series B
- Total Funding till date: $84.7M
- Employee Count: 10 as on May 31, 2026
- Investors: Mitsui, Volvo Group and 23 Others
- Latest Funding Round: Series B, Apr 12, 2017, $*****
- Highlight: Editors' Pick
5. CarVue
CarVue is a cloud-based workshop management tool for auto repair shops. Its range of services includes contacts and vehicle management through to workshop management to invoicing. It can be accessed on the desktop computer, laptop, tablet, mobile, and any web-enabled device. It does not require any software to be downloaded or installed and offers a 30-day free trial to its users.
Key facts about CarVue
- Founded Year: 2014
- Location: Reading (United Kingdom)
- Annual Revenue: £0 - £1M as on Dec 31, 2018
- Stage: Deadpooled
- Total Funding till date: $5.97M
- Employee Count: 42 as on Dec 31, 2020
- Investors: Castrol InnoVentures
- Latest Funding Round: Series A, Mar 25, 2015, $*****
Castrol InnoVentures' Investments by Stage
Castrol InnoVentures has made 4 investments in Series A stage with an average round size of $10.2M, 1 investment in Grant (prize money) stage with an average round size of $20K, 1 investment in Seed stage with an average round size of $2M and 1 investment in Series B stage with an average round size of $13M.Stage of entry | No. of Investments |
|---|---|
Series A | 4 |
Grant (prize money) | 1 |
Seed | 1 |
Series B | 1 |
Note: We have considered here, only first round of investments
Castrol InnoVentures' Investments by Sector
Castrol InnoVentures has a diverse portfolio, with companies operating in the Auto Tech, Enterprise Applications, Consumer, High Tech and Internet of Things - Industry Applications. Notably, it has invested in 7 Enterprise (B2B) companies, 7 Tech companies, 5 Software companies and at least 4 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Auto Tech | 5 |
Enterprise Applications | 5 |
Consumer | 3 |
High Tech | 3 |
Internet of Things - Industry Applications | 3 |
Others | 13 |
Note: We have considered here, only first round of investments
Castrol InnoVentures' Investments by Geography
Castrol InnoVentures has made most investments in United States (5), followed by Denmark where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 5 |
Denmark | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Castrol InnoVentures' recent investments
Castrol InnoVentures has not made any investment in 2026 so far.Here are the most recent investments by Castrol InnoVentures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 25, 2016 | United States | Series B | 6568 | [+4] | |
Jun 15, 2015 | United States | Series A | 4202 | - | |
Apr 09, 2015 | United States | Series A | 6160 | [+8] | |
Mar 31, 2015 | United States | Series A | 9071 | - | |
Mar 25, 2015 | United Kingdom | Series A | 6118 | - |
IPOs and Publicly Listed companies in Castrol InnoVentures' Portfolio
1 of Castrol InnoVentures' portfolio company became public - Lightning eMotors. It got listed on the Frankfurt Stock Exchange (FRA), in May 2021 at marketcap of $268MHere are Castrol InnoVentures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 07, 2021 | Mar 31, 2015 | Series A | 2635 |
Acquired companies in Castrol InnoVentures' Portfolio
3 companies from Castrol InnoVentures' portfolio have been acquired. The most recent acquisition was RepairPal in Nov 2024 by Yelp for $*****.Here are Castrol InnoVentures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 26, 2024 | Feb 11, 2013 | Series B | 9265 | |
Sep 23, 2021 | Jan 06, 2014 | Seed | 2474 | |
Oct 27, 2016 | Jul 23, 2013 | Grant (prize money) | 4630 |
Co-investors of Castrol InnoVentures
Over the past 13 years, 37 investors have co-invested in Castrol InnoVentures's portfolio companies. This includes funds and angels.
- Invested before Castrol InnoVentures: Tugboat Ventures, Rick Keister and 9 others have invested in rounds before Castrol InnoVentures. There is 1 company where Tugboat Ventures has invested before Castrol InnoVentures and 1 company where Rick Keister has invested before Castrol InnoVentures.
- Top Co-investors of Castrol InnoVentures: 11 investors entered a company along with Castrol InnoVentures. These include investors like Cars.com (1 company).
- Invested after Castrol InnoVentures: A total of 15 investors have invested in Castrol InnoVentures's portfolio after their investments. Top Investors include BP Ventures (3 companies), USAA (1 company) and Magna (1 company).
Recent News related to Castrol InnoVentures
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Peloton Technology Raises $16M in Series A Venture Capital Funding |FinSMEsFinSMEs•Apr 22, 2015•Peloton Tech, Intel Capital, Magna, Castrol InnoVentures and 7 others
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Zubie Secures $8 Million Led by Nokia Growth Partners in First Connected Car Investment
Marketwired•Aug 11, 2014•Zubie, OpenAir Equity Partners, Castrol InnoVentures, Nokia Growth Partners and 3 others
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Zubie Raises $10M in Series A Funding |FinSMEsFinSMEs•Dec 13, 2013•Zubie, Castrol InnoVentures, Comporium, OpenAir Equity Partners
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Connected car gadget company Zubie scores $10M | VentureBeatVentureBeat•Dec 12, 2013•Zubie, OpenAir Equity Partners, Castrol InnoVentures, Comporium
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