What is the maximum funding amount selected startups can receive under Bharat Petroleum Corporation's 'Emerge' cohort?

The correct answer is Rs. 5 crores.

In News

• BPCL launches 'Emerge' cohort to support startups in Energy Efficiency and City Gas Distribution (CGD).

Key Points

• The maximum funding amount that selected startups can receive under BPCL’s 'Emerge' cohort is Rs. 5 crores.
• The funding modes include equity and compulsory Convertible Preference Shares (CCPS), with a maximum stake of 20% in the startup.
• BPCL aims to foster innovation in the fields of Energy Efficiency and CGD, contributing to India's sustainable energy future.
• The deadline for application submissions is 10th April 2025.

Additional Information

• BPCL Ankur Fund
  • The BPCL Ankur Fund has supported 30 startups since 2016, with grants amounting to approximately Rs. 28 crores.
• BPCL’s Vision
  • BPCL is working towards becoming a Net Zero Energy Company by 2040, with a focus on sustainable solutions and reducing Scope 1 and Scope 2 emissions.
• Sustainability Efforts
  • BPCL is integrating environmental and social goals to support a sustainable future, including plans for electric vehicle charging stations at 7000 fuel stations over the next 5 years.