Bharat Petroleum Corporation Limited (BPCL), a Fortune Global 500 company, has unveiled the ‘Elevate’ cohort under its BPCL Ankur Fund, aimed at accelerating startups in Green Technology and Cybersecurity & Resilience for Energy Operations. The initiative reinforces BPCL’s commitment to innovation, sustainability, and digital excellence in India’s energy sector. 

Since launching the Ankur startup program in 2016, BPCL has supported 30 startups with grant funding totaling around ₹28 crore. With the new Elevate cohort, the company is now looking to scale high-potential early-stage startups with solutions ready to expand into the Oil & Gas domain. 

Startups with a Proof of Concept (PoC), prototype, Minimum Viable Product (MVP), or fully implemented solution are invited to apply before the December 9, 2025 deadline. 

Applications are open across two strategic themes: 

Green Technology – Targeting scalable, efficiency-driven solutions that advance decarbonization in the Oil & Gas sector. Key focus areas include solar and wind power, battery energy storage, carbon capture, utilization & storage (CCUS), green hydrogen, and circular economy initiatives. The move aligns with BPCL’s ambitious target of achieving net-zero carbon emissions by 2040. 

Cybersecurity & Resilience for Energy Operations – Concentrating on technologies that safeguard energy operations, including threat detection, intrusion prevention, data protection, encryption, fraud detection, blockchain security, compliance, and AI-driven adaptive cybersecurity. 

Selected startups will receive investment support of up to Rs. 5 crore through equity or Compulsory Convertible Preference Shares (CCPS), with BPCL’s stake capped at 20%. 

BPCL’s Elevate cohort represents a significant push to integrate innovation and sustainability into India’s energy infrastructure while supporting emerging startups with the capital, mentorship, and domain expertise needed to scale.