New Delhi: In a major push to accelerate innovation in India’s energy ecosystem, Bharat Petroleum Corporation Limited (BPCL) has invited startups to apply for its newly launched ‘Elevate’ cohort under the BPCL Ankur Fund. The programme aims to support high-potential startups working in Green Technology and Cybersecurity & Resilience for Energy Operations, reinforcing BPCL’s long-term vision of sustainability and digital excellence.
BPCL, a Fortune Global 500 company, has been nurturing early-stage innovation through ‘Ankur’, its flagship startup initiative launched in 2016. So far, the programme has supported 30 startups with ₹28 crore in grant funding, catalyzing breakthrough solutions across the energy value chain.
Applications Open Until December 9, 2025
BPCL is now seeking applications from startups that already have a PoC, prototype, MVP, or fully implemented solution, and are ready to scale into the Oil & Gas domain. The last date for submitting applications is December 09, 2025.
The Elevate cohort focuses on two strategic themes:
1. Green Tech
Startups offering scalable and efficiency-driven solutions aligned with India’s energy transition goals are encouraged to apply. Key focus areas include:
- Solar & Wind Power
- Battery Energy Storage Systems
- Carbon Capture, Utilisation & Storage (CCUS)
- Green Hydrogen
- Circular Economy
These priorities align with BPCL’s mission to achieve net-zero carbon emissions by 2040.
2. Cybersecurity & Resilience for Energy Operations
To strengthen digital resilience across critical energy infrastructure, BPCL is inviting solutions in:
- Threat Detection & Intrusion Prevention
- Data Protection, Encryption & Privacy
- Fraud Detection and Prevention
- Blockchain & Transaction Security
- Compliance & Risk Management
- AI-driven Cyber Threat Intelligence
- Adaptive Cybersecurity Technologies
Funding of Up to ₹5 Crore Per Startup
Selected startups will receive investment support of up to ₹5 crore through equity or Compulsory Convertible Preference Shares (CCPS). BPCL’s stake will be capped at 20%, ensuring startup-friendly terms while providing strong institutional backing.
IDBI Capital Market & Securities Ltd. (ICMS) has been onboarded as the consultant for proposal evaluation, due diligence, and post-investment monitoring.
Startups can apply at: startup.bpcl.in
About BPCL
As India’s second-largest Oil Marketing Company and a Maharatna PSU, BPCL operates refineries in Mumbai, Kochi, and Bina with a combined refining capacity of 35.3 MMTPA. Its robust national footprint includes over 23,500 fuel stations, 6,200+ LPG distributors, and 6,500+ EV charging stations, supported by extensive storage, blending, and aviation fuel infrastructure. With sustainability at its core, BPCL is actively building a comprehensive roadmap to become a Net Zero Energy Company by 2040 (Scope 1 & 2). The company is also deeply involved in social impact initiatives spanning education, water conservation, skill development, and community upliftment.
Read also: BPCL Q2 Net Profit Surges 169% to Rs 6,442 Crore on Strong Refining Margins and Higher Fuel Sales
