Castrol InnoVentures

Castrol InnoVentures is the corporate venture capital arm of Castrol, focusing on investments in innovative material and smart mobility businesses in the United Kingdom. Established in 2010 and headquartered in Berkshire, the firm primarily targets sectors such as information technology, sustainable energy, smartphone application development, gaming, and vehicle machinery efficiency technologies. Additionally, it invests in areas like 3D printing, remote machine monitoring, waste recovery, electric vehicle batteries, oil analysis, and next-generation engineering. Through its strategic investments, Castrol InnoVentures aims to foster advancements in technology that align with evolving mobility and sustainability needs.

Harry Cassar

Director of Technology and Co-Founding Member

Past deals in Faroe Islands

GreenSteam

Venture Round in 2013
Behind GreenSteam is a team of dedicated, highly educated engineers and scientists who have spent years of research to combine common-sense principles with advanced engineering to create a practical, simple-to-use energy saving system making it possible to reduce fuel consumption by 4-5% on average. GreenSteam:tm: is part of Decision3 – a company researching and implementing quantitative decision support solutions. The company was founded by three M.Sc. candidates from the Technical University of Denmark in 2006 and is today based in the Faroe Islands in the North Atlantic as well as in Copenhagen, Denmark.
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