HP Udgam Cohort 2025 Round-II
By Hindustan Petroleum Corporation Limited (HPCL)
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Quick Answer
HPCL's flagship startup support initiative offering equity funding up to ₹2.5 crore for early-stage startups in oil & gas, energy transition, and digital innovation.
- Funding amount
- Up to ₹2.5Cr
- Funding type
- Equity
- Application deadline
- Closed
- Location
- Open to startups registered in India
Results & next round
Applications for this round closed on 28 February 2026. The organiser has not published a selection list that we can verify yet.
Selections for this programme are announced by Hindustan Petroleum Corporation Limited (HPCL). 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
HP Udgam Cohort 2025 – Round II is part of Hindustan Petroleum Corporation Limited’s flagship Startup Support Initiative aimed at fostering innovation and collaboration with early-stage startups.
The program focuses on startups that demonstrate strong synergy with the Oil & Gas industry and emerging areas of energy transition and digital innovation. HPCL supports startups working on renewable energy, biofuels, e-mobility, energy storage, LNG, CGD, CBG, sustainability, and digital solutions relevant to the oil and gas value chain.
Selected startups can receive equity funding support of up to ₹2.5 crore, following a robust multi-stage evaluation process that includes presentations before two high-level HPCL committees. The initiative is designed to help startups scale their solutions while enabling HPCL to adopt cutting-edge innovations.
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
Hindustan Petroleum Corporation Limited (HPCL) is a Maharatna Central Public Sector Enterprise that sells fuels, LPG and lubricants across India and runs its own refineries. Its startup programme, HP Udgam, helps innovators and entrepreneurs test an idea, validate a proof of…
Learn moreBenefits & Funding
- Amount
- Up to ₹2.5Cr
What You Get
Selected startups receive equity funding support of up to ₹2.5 crore from HPCL.
Application Process
- 1
Submit application
Early-stage startups apply through HPCL's Udgam portal with details of their solution and alignment with HPCL's focus areas.
You - 2
- 3
- 4
- 5
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
Submit on the official portal
Use the official application link and verify all details before final submission.
- 3
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
What is the maximum funding amount?
Up to ₹2.5 crore per startup.
Is this funding equity-free?
No, it is equity funding, meaning HPCL takes an equity stake in the startup.
What kind of startups are eligible?
Early-stage startups working in areas such as renewable energy, biofuels, e-mobility, energy storage, LNG, CGD, CBG, sustainability, digital solutions, and other innovations relevant to HPCL’s business domains.
How is the selection process structured?
The programme follows a robust multi-stage evaluation that includes presentations before two high-level HPCL committees.
Can startups from outside the oil & gas sector apply?
Startups must demonstrate strong synergy with the Oil & Gas industry or emerging areas of energy transition and digital innovation.
Sources
Data on this page is compiled from official program and provider references.
