Introduction

Bharat Petroleum, a Fortune Global 500 Company, is engaged in refining of crude oil and marketing of petroleum products, with a significant presence in the upstream and downstream sectors of the oil and gas industry.

As BPCL celebrates its golden jubilee year, we are shaping the future of energy through technology, innovation, and sustainability. Our five-year strategic framework, Project Aspire, is built on eight pivotal pillars, categorized under two key themes:

• Nurturing the Core – Strengthening our Refining, Marketing and Upstream businesses
• Future Big Bets into Gas, Non-fuel Retailing, Petrochemicals, Green Energy Businesses and Digital Ventures

In alignment with our commitment to achieve net-zero carbon emissions by 2040, encompassing both Scope 1 and Scope 2 emissions, BPCL is strategically charting a roadmap towards a sustainable and green energy transition. This forward-looking plan leverages cutting-edge technology and innovation, with a primary focus on reducing our carbon footprint and embracing the evolving landscape of energy to become an integrated energy company. 

BPCL, through its startup initiative “Ankur,” has been cultivating a supportive ecosystem that fosters entrepreneurship in the country, nurturing innovative ideas to fruition as vibrant startups, and generating a multiplier effect across the ecosystem. Since 2016, BPCL has supported 30 startups with grant funding of ~₹ 28 crores. As part of this journey, BPCL has recently launched the “BPCL Ankur Fund” to make equity investments in startups.

The fund is now inviting applications from startups working on the themes below that have developed a Proof of Concept (PoC), prototype, Minimum Viable Product (MVP), or a fully implemented solution in the Oil & Gas sector or any other industry and are now ready to expand into Oil & Gas. Startups opting for customization should factor in the necessary adaptation effort in their funding requirements.

Indicative Timelines

Stages	Month
Pitching of shortlisted startups	May’25
Due diligence of selected startups	June’25
Final Investment Decision	July’25

Application Deadline

Application submission deadline – April 10, 2025

For more info: https://startup.bpcl.in/cohorts/emerge