bp ventures invests in private, high-growth technology companies to accelerate innovation across the energy spectrum, managing a portfolio spanning advanced mobility, low carbon and digital sectors.
Portfolio
4
companies
Drover
Digital car retailer offering a flexible subscription platform for vehicle ownership.
Flylogix
Flylogix develops unmanned aerial technology for offshore methane detection.
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Grid Edge
Artificial intelligence software for commercial building energy management.
Oxbotica
Oxbotica builds universal autonomous driving software for diverse industrial applications.
Erin Hallock
managing partner
Erin serves as a partner at the NATO Innovation Fund, following a tenure managing partner at bp ventures. Her earlier experience includes serving as an investor director across several companies.
LinkedInNacho Gimenez
Managing Partner
David Hayes
managing partner
The company has raised capital from international strategic and financial partners to accelerate its expansion across multiple industries.
"This landmark investment from world-class investors is a tremendous validation of our strategy to apply self-driving technology where there is persistent and urgent demand—in supply chains, industrial sectors, and in decongesting our cities."
Amati Global Investors led the round with participation from BP.
"We are investing in companies that can help us with our Net Zero ambition and aims. And Flylogix has been instrumental in how we undertake measurements of methane emissions in the North Sea. Accurate emissions measurements are the basis upon which mitigation plans are based – we look forward to continuing our partnership with Flylogix as it expands into new regions."
The cleantech start-up will use the capital to expand its team, develop new products and reach more customers.
"This funding round further strengthens our collaboration with bp, Goldacre and Aston University, who have shown equal ambitions in accelerating the growth of Grid Edge. Optimising energy demand to reach net zero is now an essential requirement for businesses. We are proud to provide many leading companies with predictive AI technology to reduce energy consumption and save money."
The investment coincides with a commercial partnership to integrate autonomous vehicle software into warehouse and delivery operations.
"We are excited about the opportunity to work with Oxbotica to develop a wide range of autonomous solutions that truly have the potential to transform both our and our partners’ CFC and service delivery operations, while also giving all end customers the widest range of options and flexibility."
The Series B round was led by bp ventures with participation from a global investor syndicate.
"We are very excited about the amazing endorsement we have received from new and existing investors. This round of investment marks a key chapter in Oxbotica’s continued growth and pushes us forward in commercialising our autonomous software today, through key strategic go-to-market partnerships. The high-quality and global footprint of our investors cements our position as a leader in autonomy. We will use funds raised to accelerate the global deployment of our transformative technology."
