Elevate - BPCL Ankur Fund Startup Cohort
By BPCL Ankur
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Quick Answer
BPCL Ankur Fund's equity investment cohort for startups in Green Tech and Cybersecurity & Resilience, with investments up to ₹5 crores.
- Funding amount
- Up to ₹5Cr
- Funding type
- Equity
- Provider
- BPCL Ankur
- Application deadline
- Closed
- Location
- Open to startups registered in India
Results & next round
Applications for this round closed on 9 December 2025. The organiser has not published a selection list that we can verify yet.
Selections for this programme are announced by BPCL Ankur. Official links are listed under Sources below.
We update this page when results are published, and when the next round opens.
About this funding program
BPCL Ankur Fund's 'Elevate' cohort invites startups to innovate and transform the energy landscape through equity investments. BPCL is a Fortune Global 500 company committed to achieving Net Zero carbon emissions by 2040 and is looking to expand its presence in Green Energy Businesses and Digital Ventures.
This opportunity is for startups that have developed a Proof of Concept (PoC), Prototype, Minimum Viable Product (MVP), or a fully implemented solution in Oil & Gas or any other industry, and are ready to expand into the Oil & Gas sector.
The focus is on two key themes:
- Green Tech: Solutions accelerating the shift towards sustainable energy, enhancing renewable power generation, enabling large-scale carbon capture, advancing green hydrogen adoption, and creating value from industrial by-products.
- Cybersecurity & Resilience: Technologies strengthening the security and reliability of Oil & Gas operations by protecting IT/OT systems, safeguarding data, and ensuring business continuity.
BPCL has previously supported 30 startups with grant funding of approximately ₹ 28 crores.
Eligibility
See if you're eligible
Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Funding providers
Ankur is the startup initiative of Bharat Petroleum Corporation Limited (BPCL), run from the company's office at Bharat Bhavan III in Ballard Estate, Mumbai. BPCL launched it in 2016 as part of the Government of India's Startup India initiative, and named it after the Hindi word…
Learn moreBenefits & Funding
- Amount
- Up to ₹5Cr
What You Get
Equity investment from BPCL Ankur Fund, with a maximum investment of ₹5,00,00,000 (₹5 crores). The exact investment amount is based on the startup's funding requirements and the fund's investment approach.
How to apply
Four steps from draft to disbursement — one action each.
- 1
Draft your application
Answer the form inside the grant tracker — AI drafts each response using your past answers, so you're not starting from a blank page.
- 2
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 3
Submit on the official portal
Use the official application link and verify all details before final submission.
- 4
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
What type of funding is provided under the Elevate cohort?
The scheme provides equity investment through the BPCL Ankur Fund.
What are the focus themes for the Elevate cohort?
The two themes are Green Tech (including solar, wind, carbon capture, green hydrogen, circular economy) and Cybersecurity & Resilience for energy operations (including threat detection, data protection, fraud prevention, etc.).
Who is eligible to apply?
Startups must be registered with DPIIT, working under the specified themes, be early-stage (including seed funding), have founders holding more than 26% equity, and have a PoC, Prototype, MVP, or fully implemented solution ready for the Oil & Gas sector.
What is the maximum investment amount?
The maximum investment is ₹5,00,00,000 (₹5 crores).
Has BPCL supported startups before?
Yes, since 2016, BPCL has supported 30 startups with grant funding of approximately ₹28 crores.
Sources
Data on this page is compiled from official program and provider references.
