Investor · 2 deals
Every published round BP took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies BP has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Hysata | University of Wollongong spin-out developing capillary-fed electrolysis cells for green h… | 9 Apr 2024, Grant | 2 | 2 |
Fund closes reported for BP, as distinct from the investments it has made.
Companies BP has backed that another company then bought. An exit for the holding, not a deal BP did.
| Name | Role | Sources |
|---|---|---|
| Gareth Burns | Vice President (former) | RenewEconomy, Startup Daily, @AuManufacturing, SmartCompany, hysata.com |
Stories naming BP. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Intercontinental Energy received a $1.56 million federal grant to build a digital twin of its modular hydrogen node design; it earlier received $21 million from ARENA for the Pilbara hub after BP quit.
Also RenewEconomy
The Pilbara green hydrogen hub abandoned by bp has won a $21 million ARENA grant, helping owner InterContinental Energy advance engineering studies toward a 2028 final investment decision.
Also RenewEconomy
Year-end roundup ranking 2024's twelve largest startup raises, headed by PsiQuantum's $940 million government-backed quantum computing round, plus Guzman y Gomez's ASX listing and Betashares' Temasek investment.
Oceania Biofuels withdraws its planned Gladstone refinery from federal approval; the article surveys a biofuels sector in retreat, from Fulcrum's US collapse to Carnarvon abandoning a WA plant and Jet Zero's new backers.
Roundup of the week's top stories: Hysata's Series B with bp Ventures and Templewater, grants for Tasmanian makers Xanderware and Jayben Group, an ASC pay dispute, and chemistry sector awards.
Weekly roundup of nine Australian startups that together raised over $233 million, led by Hysata's $172 million Series B, with rounds also for V2 Digital, AgriWebb, Disco, Genero, Brainfish, Kite Therapy, Nucanon and Maslow.
A rolling roundup of Australian energy-sector job moves, listing dozens of executives, directors and ministers joining or leaving utilities, regulators, developers and industry bodies between May and December 2023.
Solar manufacturer 5B has started building its automated pilot production line in Mascot, NSW, with support from an ARENA grant; the company counts Turnbull, Holmes à Court and BP among its backers.
BP's venture arm invested $20 million to complete solar company 5B's $55 million Series B, with existing backers adding more, supporting international expansion and a North American manufacturing hub.
Australian solar company 5B completed its $55 million Series B after bp ventures invested $20 million, joining AES and Artesian, with funds earmarked for global expansion and R&D.
BP Ventures has invested $20 million in Australian solar technology company 5B Holdings, completing its $55 million Series B round co-led by existing backers AES Corporation and Artesian.
Robotics inspection startup Abyss Solutions has raised $15 million led by AirTree with Australian Retirement Trust support, having previously raised $3.25 million in 2020; its clients include BP, Exxon, Chevron, Total and Scottish Water.
Car subscription software firm Loopit hires Nima Idel to lead product growth, shortly after completing its first external capital raise of $3.6 million as it plans further expansion.