5 minutes to charge an EV – BP Ventures for advanced mobility

Speaking before the announcement that BP is buying Chargemaster, BP Ventures’ Akira Kirton sets out a platform-based corporate #VC strategy designed to help BP become a global “leader in advanced mobility”. The investment in @StoreDotLtd alongside @Daimler, Samsung and TDK, is designed to create #EVs that are chargeable in 5 minutes “on a BP Forecourt”. Investments in @FreeWireTech and Nio Capital also underpin and enable BP’s advanced mobility shift. More BP #EV investments to be unveiled at future GCV events in Hong Kong, Houston, Helsinki and Monterey.

Other points made by Akira:

  • There is a clear trend of new incumbents stepping into the corporate venturing space such as JetBlue and Boeing HorizonsX.
  • Corporates are moving from individual ‘point-to-point’ investment towards investment into platforms. CVCs are beginning to invest not just in one company or area but in numerous opportunities that cohere.
  • BP Ventures invest 200 million per year into 5 key areas of energy transition, digital, advanced mobility, low carbon power and low carbon management, alongside an additional 300 million a year to scale up opportunities – this is part of their new 2017 vision to provide heat, light and mobility to the world, whilst also managing climate change.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s