Launchpad

Launchpad, established in 2018 as bp's dedicated investment arm, focuses on identifying and accelerating disruptive energy startups that align with the company's strategic vision. This specialized unit provides not only growth capital but also comprehensive scaling support and facilitates strategic synergies with bp's extensive global operations. By serving as a bridge between innovative startups and bp's established infrastructure, Launchpad plays a crucial role in the energy giant's ongoing transformation and adaptation to evolving market demands.

The investment unit was specifically designed to drive bp's reinvention in the changing energy landscape by pioneering innovation through strategic technology investments and targeted acquisitions. Launchpad typically focuses on early-growth stage companies with proven business models that demonstrate significant potential for rapid scaling. Their portfolio spans various sectors including renewable energy, advanced mobility solutions, carbon management technologies, and digital transformation initiatives that support the transition to a lower-carbon future.

What distinguishes Launchpad from traditional corporate venture capital is its hands-on approach to portfolio company development. The unit provides entrepreneurs with access to bp's extensive technical expertise, global customer base, and operational capabilities. This collaborative model enables startups to accelerate their growth trajectories while maintaining the agility and innovation that characterizes entrepreneurial ventures. Launchpad typically makes strategic investments ranging from $1 million to $20 million, depending on the company's stage and alignment with bp's strategic priorities.

Since its inception, Launchpad has built a diverse portfolio of companies that are pioneering solutions across the energy value chain. The investment unit maintains a global outlook, with portfolio companies spanning North America, Europe, and emerging markets where energy innovation is flourishing. By balancing financial returns with strategic value creation, Launchpad serves as a critical component in bp's broader strategy to evolve beyond traditional oil and gas operations toward becoming an integrated energy company positioned for long-term success in a rapidly changing industry landscape.