bp Ventures
Profile, fund size and portfolio
bp Ventures is the corporate venture arm of BP p.l.c. (oil and gas / energy). It was founded in 2006 and is based in London, United Kingdom. It invests from Series A to Series B in advanced mobility, low carbon, digital.
- Cumulative investedS5
- USD 1.2bn
Every figure links to its source
Snapshot
Data behind this graphic
| Item | Value |
|---|---|
| Stage range | Series A to Series B |
| Sectors | Advanced mobility, Low carbon, Digital, Core upstream, downstream and |
| Geography | Europe and Africa, Global south, Global ex-US portfolio managed from Europe |
| Offices | London, United Kingdom, Houston, United States |
Sources: S10 bp press release: bp expands digital energy portfolio by investing in Grid Edge; S7 Global Venturing: Rodrigues joins BP Ventures as Europe MD.
Data behind this graphic
The firm has not published a portfolio breakdown.
Sources: .
Data behind this graphic
| Measure | Value | Unit | Kind | Source |
|---|---|---|---|---|
| Headline size | USD 1.2bn | Cumulative invested | Stated by the firm or its parent | S5 |
| Companies backed | 75 | companies | Reported in the press | S5 |
| Companies on the firm's portfolio page | 25 | companies | Counted from the firm's own list | S4 |
Sources: S5 Global Venturing: Moreland takes over as head of BP's VC investment arm; S4 bp Ventures portfolio page (Wayback copy 2026; live bp.com path returns 404).
Where it invests and who leads it
Geography
- Headquarters
- London, United Kingdom
- Offices
- London, United Kingdom
- Houston, United States
Investment regionsS10S7
- Europe and Africa
- Global south
- Global ex-US portfolio managed from Europe
LeadersS11
- Jennifer MorelandVice president and head of teamLinkedInFirm page
- Kevin RodriguesChief investment officerLinkedInFirm page
- Nathan RichInvestment director - head of Americas portfolio and US teamLinkedInFirm page
- Jonathan StoneInvestment directorLinkedInFirm page
- Robert MolinaInvestment principal - head of O&G investmentsLinkedInFirm page
Key facts
| Fact | Value | Status | Source |
|---|---|---|---|
| Parent company | BP p.l.c. (LSE: BP.; NYSE: BP) | Single source | S1 |
| Parent industry | Oil and gas / energy | Single source | S2 |
| Founded | 2006 | Single source | S7 |
| Headquarters | London, United Kingdom | Single source | S2 |
| Status | Active | Single source | S2 |
| Capital source | Parent company only | Single source | S2 |
| Headline size | USD 1.2bn (Cumulative invested) | Single source | S5 |
| Companies backed | 75 | Single source | S5 |
| People on the team page | 15 | Single source | S2 |
| Stages | Series A, Series B | Single source | S10 |
For founders
Portfolio
The firm's portfolio page lists 25 companies.S4
The firm also states 75 companies backed. The page list and the stated total measure different things.S5
Every company on the bp Ventures list
25 companies, as listed on the firm's own website.S4 Read the firm's list.
- 5B
- Advanced Ionics
- Beyond Limits
- Calysta
- Coldbore Technology
- Eavor
- Electric Hydrogen
- enjoyelec
- Freebee
- Grid Edge
- Hysata
- IoTecha
- Magenta Mobility
- Mantel
- Oxa
- Oxford Flow
- Ryd
- Saltworks
- Satelytics
- Snowfox Discovery
- StoreDot
- Syzygy
- Wastefuel
- Xpansiv
- Zingbus
Recent rounds
History
- bp Ventures formed (GCV 2024); other sources say 2007.S7
- Led Series A in Grid Edge.S10
- Co-led Hysata USD 111.3M Series B (May).S9
- Jennifer Moreland becomes head (Jan); Kevin Rodrigues named CIO (Feb); bp agrees to sell minority stakes in more than 10 companies to Verdane and proposes to close the team (15 Jul).S1
Where sources disagree
- Launch year: Formed in 2006 (GCV 2024) (S7) vs Founded in 2007 (GCV Jan 2026; TechCrunch: launched venture arm in 2007) (S5) vs Unit established in 2006 (TechCrunch, citing Axios) (S3). Sources split between 2006 and 2007.S7S5S3
- Companies backed: 75 startups, $1.2bn deployed (GCV Jan 2026) (S5) vs About 70 companies, $1bn (GCV 2024) (S7) vs More than 50 entities, over $500 million (bp 2019) (S10) vs At least 27 active portfolio companies (GCV Jul 2026) (S2). Different dates and bases.S5S7S10S2
- Headline size: $1.2bn deployed; portfolio valued about $1.2 billion (TechCrunch citing Axios) (S3) vs $1bn invested (GCV 2024) (S7) vs over $500 million (bp 2019) (S10). Cumulative invested figures at different dates.S3S7S10
Official pages
Read the firm's own pages for current information.
Sources
- S1bp press release: bp to sell majority of bp Ventures portfolioParent company
- S2Global Venturing: Oil company BP to close its corporate venturing unitPress
- S3TechCrunch: Oil giant BP shutters its corporate venture arm after 20 yearsPress
- S4bp Ventures portfolio page (Wayback copy 2026; live bp.com path returns 404)Firm
- S5Global Venturing: Moreland takes over as head of BP's VC investment armPress
- S6Global Venturing: Rodrigues promoted to chief investment officer at BP VenturesPress
- S7Global Venturing: Rodrigues joins BP Ventures as Europe MDPress
- S8Kevin Rodrigues LinkedIn (search result: Chief Investment Officer and Managing Director, bpVentures)Third-party report
- S9Hysata announces $111m USD Series B roundPortfolio company
- S10bp press release: bp expands digital energy portfolio by investing in Grid EdgeParent company
- S11bp Ventures team page (Wayback copy 2026-04-15; links to LinkedIn for 5 people)Firm
- S12bp Ventures home page (bp.com; live path returns 404 on 2026-10-02)Firm
- S13Verdane acquires technology businesses from bpThird-party report
Disclaimer and corrections
Not affiliated. This page is not affiliated with, endorsed by or sponsored by bp Ventures or any company named on it. Names and trademarks belong to their owners. Informational only. This is a public-source reference. It is not investment, legal or tax advice and not an offer or solicitation. Sources. Each figure names its source. Figures may have changed. Please read the firm's official pages, linked above. Corrections and takedown. To report an error or ask for a change or removal, use the correction form or email Richard@CorporateVentureCapital.com.
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