US-based venture capital firm bp ventures has made a £4-million investment in Series A funding of UK-based software company Dynamon, which specializes in developing data analytics and simulation tools for commercial transport and logistics companies. The purpose of the funding is to commercialize and scale up Dynamon’s ZERO platform and to expand its operations in… Read more »
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bp invests €7.5 million in Service4Charger
As part of a €10-million Series A funding round, bp ventures has invested €7.5 million in Germany-based EV charging infrastructure service provider Service4Charger. Completing the round with an investment of €2.5 million was Smart Energy Innovationsfonds, an arm of Swiss energy company Energie 360°. Through its staff of in-house-trained electrical engineers, Service4Charger offers EV charging… Read more »
bp invests $7 million in EV charging firm IoTecha
bp ventures has invested $7 million in smart charging specialist IoTecha, leading a $13.2-million investment round. This investment is aligned with bp’s stated aim to provide over 70,000 public EV charging points worldwide by 2030. IoTecha will use the new investment to scale its operations through bp’s electrification network. Shaun Healey, bp ventures Principal, will… Read more »
Alliance Ventures invests in Chinese charging platform startup PowerShare
Alliance Ventures, the venture capital arm of Renault-Nissan-Mitsubishi, has invested an undisclosed amount in PowerShare, an EV charging platform startup based in China. PowerShare, which received investment from BP Ventures just weeks before this latest investment, offers an online platform that connects EV drivers, charge point operators, and power suppliers. The startup’s cloud-based system enables… Read more »
BP invests in Chinese charging platform PowerShare
BP Ventures has invested in Powershare, a Chinese provider of integrated hardware and software for EV charging, during a Series A funding round. PowerShare offers an online platform that connects drivers, charge point operators, and power suppliers. The company’s cloud-based system allows power suppliers to continuously monitor the power demand from vehicles and balance it… Read more »
BP sees big opportunities for EVs and has recently been investing in EV-related companies
The oil and gas giant’s EV investment rationale is outlined in its new report, BP Technology Outlook. Demand for travel is central to modern society. Currently, transport accounts for 20% of global primary energy use. The global light-duty fleet of cars, vans, and light trucks is here to stay for the foreseeable future. In fact,… Read more »
BP invests $20 million in battery developer StoreDot
At least a couple of the oil giants see the handwriting on the garage wall, and are taking some baby steps toward the electric future. BP has installed over 70 EV charging stations at retail sites in several countries. It has also invested $5 million in FreeWire, a manufacturer of mobile EV charging systems, and… Read more »
BP may install more EV chargers at gas stations
Major oil companies are beginning to explore the possibility of offering EV charging at their retail outlets. Shell has begun installing DC fast chargers at selected stations in the Netherlands and the UK. Now British Petroleum has begun talking to EV-makers about partnering on a network of charging stations. “We have discussions going on with… Read more »
FreeWire Technologies secures $125 million in Series D financing
Charging and energy management specialist FreeWire Technologies has raised $125 million in new capital from BlackRock Financial Management and other investors, including bp ventures, Riverstone Holdings, Octave Ventures and Daishin Private Equity. FreeWire will use the new capital to support ambitious growth plans as it accelerates commercial deployments of its battery-integrated EV charging technology and… Read more »
Indian ride-hailing and charging startup BluSmart raises $25 million in Series A funding round
Indian EV ride-hailing and charging company BluSmart has raised $25 million in a Series A funding round led by bp ventures, which invested $13 million. Other investors included Mayfield India Fund, 9Unicorns and Survam Partners. Sophia Nadur, Managing Partner at bp ventures, will join BluSmart’s board. BluSmart will use the new capital to expand its… Read more »