Castrol InnoVentures

PartsTech Inc. is a technology company based in Cambridge, Massachusetts, specializing in an auto parts search engine and ordering platform. Founded in 2012, PartsTech enables mechanics to efficiently locate, evaluate, and order auto parts from over 26,000 local distribution locations, including major retailers. The platform features an extensive database of automotive parts and fitment information, sourced directly from more than 1,900 manufacturer brands. By providing detailed product descriptions, images, and schematics, PartsTech facilitates a seamless ordering process that disrupts traditional methods still reliant on telephone orders. This innovative approach enhances the automotive industry's digital landscape, offering accurate data on products, pricing, and inventory. Additionally, PartsTech supports integration with enterprise shop management systems, empowering repair shops, distributors, and manufacturers to optimize their operations through e-commerce solutions.

Zubie is a connected vehicle services company that offers a platform designed to deliver essential vehicle health, location, and safety information to both consumers and businesses. By utilizing a simple plug-in device known as the Zubie Key, users can effortlessly monitor critical vehicle data, such as fuel efficiency and driving behavior, via mobile applications for iOS and Android, as well as an online web portal. This service not only helps individual consumers keep track of their vehicles but also provides businesses with a low-cost fleet management solution aimed at enhancing vehicle maintenance, preventing accidents, and optimizing fleet operations.

Peloton Technology Inc., founded in 2011 and based in Menlo Park, California, specializes in developing active safety systems for the trucking industry. The company employs radar and Dedicated Short-Range Communications (DSRC) technology to facilitate vehicle-to-vehicle communication between pairs of trucks. This innovative system enhances safety by linking active safety features, while allowing drivers to maintain full control of steering. The technology manages acceleration and braking, akin to adaptive cruise control, significantly reducing collision-related expenses and improving fuel efficiency. On-road testing has demonstrated that trucks operating in this platooning system can achieve average fuel savings of over 7%, benefiting both the leading and trailing vehicles by minimizing aerodynamic drag. Peloton Technology aims to address critical challenges faced by modern trucking fleets, including safety and operational costs.

CarVue Ltd. is a company that develops and provides a cloud-based automotive business management application designed for workshops, garages, and mechanics globally. Founded in 2014, CarVue enables users to manage various aspects of their operations through an accessible platform that works on multiple devices, including desktop computers, tablets, and smartphones. The application features modules for contact management, vehicle inventory, workshop operations, sales tracking, product management, and financial performance reporting. It allows users to personalize purchase orders, facilitate job cards and invoices, and maintain comprehensive databases for vehicles and contacts, all while providing instant reporting and audit trails for transactions. Based in Reading, United Kingdom, CarVue aims to streamline the management processes of automotive businesses through its innovative software solutions.

Zubie is a connected vehicle services company that offers a platform designed to deliver essential vehicle health, location, and safety information to both consumers and businesses. By utilizing a simple plug-in device known as the Zubie Key, users can effortlessly monitor critical vehicle data, such as fuel efficiency and driving behavior, via mobile applications for iOS and Android, as well as an online web portal. This service not only helps individual consumers keep track of their vehicles but also provides businesses with a low-cost fleet management solution aimed at enhancing vehicle maintenance, preventing accidents, and optimizing fleet operations.

Zubie is a connected vehicle services company that offers a platform designed to deliver essential vehicle health, location, and safety information to both consumers and businesses. By utilizing a simple plug-in device known as the Zubie Key, users can effortlessly monitor critical vehicle data, such as fuel efficiency and driving behavior, via mobile applications for iOS and Android, as well as an online web portal. This service not only helps individual consumers keep track of their vehicles but also provides businesses with a low-cost fleet management solution aimed at enhancing vehicle maintenance, preventing accidents, and optimizing fleet operations.

RepairPal Inc. is an online platform based in San Francisco, California, that provides consumers with essential information related to auto repair and maintenance. Founded in 2007, the company offers a comprehensive database of articles and reports, alongside a centralized location for clients to manage vehicle ownership records. RepairPal assists users in finding trusted auto repair shops by delivering repair cost estimates and addressing common automotive inquiries. Through its "RepairPal Certified" process, the company evaluates repair facilities to ensure they meet high standards, including qualified mechanics, quality parts, fair pricing, and customer satisfaction. With a network of over 3,800 certified repair shops across the United States, RepairPal collaborates with various organizations to extend its services to a broader customer base, facilitating informed decision-making for vehicle maintenance.

GreenSteam is a company that specializes in fuel-saving and performance monitoring solutions for the shipping industry. Founded in 2006 by a team of M.Sc. candidates from the Technical University of Denmark, the company is based in the Faroe Islands and Copenhagen. The dedicated team of engineers and scientists at GreenSteam has developed an energy-saving system that utilizes advanced engineering principles to achieve an average reduction in fuel consumption of 4-5%. By focusing on practical and user-friendly technology, GreenSteam aims to enhance operational efficiency for shipping companies, contributing to both cost savings and environmental sustainability.