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Venture Capital & private Equity
Berkshire, United Kingdom
Castrol innoVentures is based in the UK with a global remit. It seeks out and invests in new business opportunities to support Castrol's core lubricants business and to develop options beyond lubricants. The Castrol innoVentures group was created to focus on investing in and building businesses that significantly improve customer experiences in the automotive aftermarket, among other sectors. The group makes strategic investments in start-ups that help its customers improve efficiencies. They also run a broader programme of open innovation, exemplified by the Castrol 20/20 challenge events in London, New York and Shanghai.