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CorporateVentureCapital.com

Xplor Ventures

Profile, fund size and portfolio

Parent PTTEPHQ Bangkok, ThailandFounded 2022

Xplor Ventures is the corporate venture arm of PTTEP, an energy company. It was founded in 2022 and is based in Bangkok, Thailand. It invests from Series B to growth. Sectors it names: climate and energy.

Fund sizeS1
USD 100M

Every figure links to its source

Snapshot

Investment stage: Series B to Growth
Data behind this graphic
Data behind this graphic
ItemValue
Stage rangeSeries B to Growth
SectorsClimate and energy
GeographyGlobal
OfficesBangkok, Thailand

Sources: S1 Xplor Ventures; S2 Xplor Ventures shifts from finding startups to making them work (Global Corporate Venturing).

Graphic 1 of 3

Investment stage: Series B to Growth

Sources: S1 Xplor Ventures; S2 Xplor Ventures shifts from finding startups to making them work (Global Corporate Venturing).

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Investments closed by company type
Data behind this graphic
Data behind this graphic
ItemCompaniesShare
Nuclear fusion133.3%
Advanced membranes133.3%
Small modular reactors133.3%

A company can carry more than one tag

Sources: S2 Xplor Ventures shifts from finding startups to making them work (Global Corporate Venturing).

Graphic 2 of 3

Investments closed by company type

Sources: S2 Xplor Ventures shifts from finding startups to making them work (Global Corporate Venturing).

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Scale and capital allocated
Data behind this graphic
Data behind this graphic
MeasureValueUnitKindSource
Headline sizeUSD 100MFund sizeStated by the firm or its parentS1
Companies backed4companiesReported in the pressS2
Companies on the firm's portfolio page3companiesCounted from the firm's own listS2

Sources: S1 Xplor Ventures; S2 Xplor Ventures shifts from finding startups to making them work (Global Corporate Venturing).

Graphic 3 of 3

Scale and capital allocated

Firms and databases count companies, rounds and investments differently.

Sources: S1 Xplor Ventures; S2 Xplor Ventures shifts from finding startups to making them work (Global Corporate Venturing).

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Where it invests and who leads it

Geography

Headquarters
Bangkok, Thailand

Investment regionsS1S2

LeadersS1

Xplor Ventures on LinkedIn

Key facts

FactValueStatusSource
Parent companyPTTEP (PTTEP)Single sourceS1
Parent industryEnergy and utilitiesSingle sourceS1
Founded2022Single sourceS3
HeadquartersBangkok, ThailandSingle sourceS3
StatusActiveSingle sourceS1
Capital sourceParent company onlySingle sourceS1
Headline sizeUSD 100M (Fund size)Single sourceS1
Companies backed4Single sourceS2
People on the team page5Single sourceS1
StagesSeries B, Series C+, GrowthSingle sourceS1

About PTTEP

ItemDetailSource
Listed asPTTEPS1
HeadquartersThailandS1

For founders

ItemWhat the firm saysSource
StagesSeries B, Series C+, GrowthS1
Pitch pagewww.xplorventures.com/S1

Fund vehicles

VehicleSizeYearSource
Xplor Ventures fundUSD 100M2023S2

Recent rounds

DateCompanyRoundAmountLed by the firmSource
2025-12-11ArdentSeries BUSD 20.2MYesS4
2024-10-09Zap EnergySeries C+USD 130MS5

History

  1. PTTEP established Xplor Ventures Company Limited (22 November)S3
  2. USD 100m Xplor Ventures fund set upS2
  3. Co-led the first close of Ardent Series B (December)S4

Portfolio

Public sources name 3 portfolio companies.S2

The firm also states 4 companies backed. The page list and the stated total measure different things.S2

Portfolio by the firm's own tags. A company can carry more than one tagS2
TagCompaniesShare
Nuclear fusion133.3%
Advanced membranes133.3%
Small modular reactors133.3%

Shared portfolio with other corporate VCs

3 companies on the Xplor Ventures portfolio page also appear on the portfolio page of at least one other firm in this directory. Matched by company website, or by name where no website is published.

FirmSharedCompanies in common
Chevron Technology Ventures2Ardent, Zap Energy
GC Ventures1Ardent
Syensqo Ventures1Ardent
Shell Ventures1Zap Energy
Banpu CVC1ARC Clean Technology

Companies backed by the most corporate VCs

Every company on the Xplor Ventures list

3 companies, as named in the sources cited.S2 Read the firm's list.

  • ARC Clean Technology
  • Ardent
  • Zap Energy

Official pages

Read the firm's own pages for current information.

Sources

  1. S1Xplor VenturesFirm
  2. S2Xplor Ventures shifts from finding startups to making them work (Global Corporate Venturing)Press
  3. S3PTTEP Establishes Xplor Venture to Invest and Develop New Technologies (Kaohoon International)Press
  4. S4Ardent Announces First Close of Series B to Scale Optiperm PlatformPortfolio company
  5. S5Zap Energy confirms USD 130M round (GeekWire)Press

Disclaimer and corrections

Not affiliated. This page is not affiliated with, endorsed by or sponsored by Xplor 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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