Bharat Petroleum Corporation (BPCL) has launched the ‘Emerge’ cohort under its BPCL Ankur Fund to support startups in Energy Efficiency and City Gas Distribution (CGD). This initiative aims to drive innovation and sustainability in India’s oil and gas sector by fostering technology-driven solutions that enhance efficiency and reduce environmental impact.
Since its inception in 2016, BPCL’s startup initiative ‘Ankur’ has supported 30 startups with grants totaling approximately Rs 28 crore. With ‘Emerge,’ BPCL seeks to invest in startups that have developed a Proof of Concept (PoC), prototype, Minimum Viable Product (MVP), or fully implemented solution in the Oil & Gas sector or related industries.
The Emerge cohort is open to startups focusing on two key themes: Energy Efficiency and CGD. The Energy Efficiency theme includes innovations in AI-powered energy management, predictive maintenance, heat transfer optimization, and waste heat recovery. The CGD theme targets advancements in smart metering, pipeline monitoring, leak detection, predictive maintenance, and AI-driven project execution tools.
BPCL Ankur Fund is inviting applications from early-stage startups, offering investments of up to Rs. 5 crores through funding mechanisms such as equity and Compulsory Convertible Preference Shares (CCPS), with a maximum stake of 20 percent. The deadline for applications is April 10, 2025. Interested startups can apply at startup.bpcl.in.