B

BP Ventures

Venture Capital

UK corporate venture arm (est. 2006). 22-person team (5 partners, 12 principals) across London/Houston/US. 32 portfolio cos incl. 3 unicorns (Electric Hydrogen, Xpansiv, StoreDot); 1 IPO; 7 exits. Avg check: Series A £13.9m, B £38.1m. Majority US-based (18), plus UK/Canada/EU presence. Recent leads: Advanced Ionics, Electric Hydrogen, Grid Edge (2025).

Check Size
£2M - £50M

Investment Thesis

Series A+ across energy transition: hydrogen, bioenergy, EV charging, renewables, digital. Oil & gas value chain & low-carbon fuels. Strategic focus on solutions integrating w/ BP's ops. ~£800m-£1bn deployment 2024-28. Avoids late-stage cleantech infra; prefers tech ownership. Deep tech, exploratory tech co-invest w/ 200+ partners.

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