Mumbai : Bharat Petroleum Corporation Limited (BPCL), a Fortune Global 500 company, has announced the launch of the ‘Elevate’ cohort under the BPCL Ankur Fund to support startups working in the areas of Green Technology and Cybersecurity & Resilience for Energy Operations. This initiative strengthens BPCL’s commitment to driving innovation, sustainability, and digital excellence in the country’s energy landscape.
Since its inception in 2016, BPCL through its startup initiative ‘Ankur’ has supported 30 startups, providing grant funding of approximately ₹28 crores.
BPCL established ‘BPCL Ankur Fund’ to make investments in high-potential early-stage startups, primarily working in sectors aligned with BPCL’s business areas.
BPCL through its ‘BPCL Ankur Fund’ is inviting applications from startups that have developed a Proof of Concept (PoC), Prototype, Minimum Viable Product (MVP), or a fully implemented solution in any sector and are now ready to expand into the Oil & Gas domain. The last date for submission of applications is December 09, 2025.
The applications for the Elevate cohort are open across two key themes, “Green Tech” and “Cybersecurity & Resilience for Energy Operations”. The Green Tech theme focuses on scalable, efficiency-driven technologies that can strengthen the Oil & Gas sector’s decarbonization efforts across key areas like Solar, Wind Power, Battery Energy Storage Systems, Carbon Capture, Utilization & Storage (CCUS), Green Hydrogen, and Circular Economy, which is in alignment with our commitment to achieve net-zero carbon emissions by 2040.
The theme Cybersecurity & Resilience for Energy Operations focuses on cutting-edge technologies across key areas like Threat Detection & Intrusion Prevention, Data Protection & Encryption, Data Privacy, Fraud Detection and Prevention, Blockchain & Transaction Security, Compliance & Risk Management, AI Driven Threat Intelligence & Adaptive Cybersecurity.
Selected startups will receive investment support of up to ₹5 crore through instruments such as equity or Compulsory Convertible Preference Shares (CCPS)with BPCL’s stake capped at 20 percent.
To know more and apply, visit: https://startup.bpcl.in/
IDBI Capital Market & Securities Ltd. (ICMS), engaged as the consultant for BPCL Ankur Fund, will support proposal evaluation, due diligence, and post-investment monitoring.
