Release date: July 25, 2019
BP Ventures was set up more than 10 years ago to identify and invest in private, high growth, game-changing technology companies, accelerating innovation across the entire energy spectrum. Since then, BP has invested more than $500 million in technology companies across more than 50 entities with more than 300 co-investors.
Venturing plays a key role in BP’s strategy to tackle the dual challenge of meeting the world’s need for more energy, while at the same time reducing carbon emissions.
Shaun Healey, Principal, BP Ventures will be taking up a director seat on the board of PartsTech.
PartsTech creates automotive e-commerce technology, helping repair shops, part distributors and manufacturers run their businesses more effectively and profitably through e-commerce and data innovation. For repair shops, PartsTech enables increased focus on productivity while researching and ordering parts. For distributors, PartsTech delivers leading-edge e-commerce capabilities, protects margins and improves profitability, while facilitating efficient online ordering. For manufacturers, PartsTech’s catalog processing provides unrivaled speed-to-market, as well as valuable analytics and insights. PartsTech is privately held, and is headquartered in Cambridge, MA.
Castrol, one of the world’s leading lubricant brands, has a proud heritage of innovation and fuelling the dreams of pioneers. Our passion for performance, combined with a philosophy of working in partnership, has enabled Castrol to develop lubricants and greases that have been at the heart of numerous technological feats on land, air, sea and space for over 100 years.
Castrol is part of the BP group and serves customers and consumers in the automotive, marine, industrial and energy sectors. Our branded products are recognized globally for innovation and high performance through our commitment to premium quality and cutting-edge technology. The Castrol name and logo are registered trade marks of Castrol Limited.
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