Castrol InnoVentures

Castrol InnoVentures, founded in 2010 in the United Kingdom, operates as a venture capital firm that focuses on advancing smart mobility technologies and sustainable energy solutions. It invests in a variety of sectors including information technology, smartphone application development, gaming, vehicle machinery efficiency technologies, and 3D printing. The firm is also engaged in remote machine monitoring, waste recovery, electric vehicle batteries, oil analysis, and next-generation engineering. By supporting innovative technologies, Castrol InnoVentures aims to foster developments that contribute to a more efficient and sustainable future.

Harry Cassar

Director of Technology and Co-Founding Member

Past deals in Faroe Islands

GreenSteam

Venture Round in 2013
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.
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