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

8 past transactions

PartsTech

Series A in 2019
PartsTech Inc., founded in 2012 and based in Cambridge, Massachusetts, operates a web-based auto parts search engine and ordering platform that facilitates the identification and procurement of automotive parts. The platform allows users, primarily mechanics, to search for parts from over 26,000 local distribution locations, including major suppliers. By providing comprehensive product descriptions, images, and schematics directly from manufacturers, PartsTech aims to streamline the traditional, telephone-dominated ordering process in the automotive industry. The company maintains one of the largest databases of automotive parts and fitment information, sourced from over 1,900 manufacturer brands. Additionally, PartsTech offers API integrations for enterprise shop management systems, helping repair shops and distributors optimize their operations through enhanced data access and e-commerce capabilities.

Zubie

Venture Round in 2016
Zubie is a connected vehicle services company focused on providing consumers and businesses relevant vehicle health, location, and safety information. With a simple plug-in of the Zubie key, users can easily monitor their vehicle data through its Zubie mobile apps for both iOS and Android. Learn more about our low-cost fleet management solution for businesses at http://zubie.com/fleet or our consumer offering at http://zubie.com. A Zubie subscription includes the Zubie Key (OBDII device), iOS/Android apps, and online web portal.

Peloton Technology

Series A in 2015
Peloton Technology Inc. was founded in 2011 by a team of Silicon Valley entrepreneurs to address major pain points of today’s trucking fleets – accidents and fuel costs. Peloton's system uses radar and DSRC vehicle-to-vehicle communications to link active safety systems between pairs of trucks, reducing collision-related expenses and fuel costs. The drivers remain fully engaged and retain steering control, while the system controls acceleration and braking similar to adaptive cruise control. The dramatic reduction in aerodynamic drag in these platoons provides substantial improvements in fuel economy for both the trailing and leading trucks: with on-road testing showing average savings over 7% between the two trucks.

CarVue

Venture Round in 2015
CarVue Ltd. is a company that develops and provides a cloud-based application designed for workshops, garages, and mechanics around the world. Founded in 2014 and based in Newbury, United Kingdom, CarVue's automotive business management platform is accessible via various web-enabled devices, including computers, tablets, and smartphones. The application includes modules for managing contacts, vehicles, workshops, finances, and inventory, allowing users to personalize purchase orders, create job cards, generate invoices, and access instant financial reporting. CarVue aims to streamline operations for automotive businesses by offering tools for effective management and auditing of customer and supplier interactions.

Zubie

Series B in 2014
Zubie is a connected vehicle services company focused on providing consumers and businesses relevant vehicle health, location, and safety information. With a simple plug-in of the Zubie key, users can easily monitor their vehicle data through its Zubie mobile apps for both iOS and Android. Learn more about our low-cost fleet management solution for businesses at http://zubie.com/fleet or our consumer offering at http://zubie.com. A Zubie subscription includes the Zubie Key (OBDII device), iOS/Android apps, and online web portal.

Zubie

Series A in 2013
Zubie is a connected vehicle services company focused on providing consumers and businesses relevant vehicle health, location, and safety information. With a simple plug-in of the Zubie key, users can easily monitor their vehicle data through its Zubie mobile apps for both iOS and Android. Learn more about our low-cost fleet management solution for businesses at http://zubie.com/fleet or our consumer offering at http://zubie.com. A Zubie subscription includes the Zubie Key (OBDII device), iOS/Android apps, and online web portal.

RepairPal

Venture Round in 2013
RepairPal Inc., founded in 2007 and based in San Francisco, California, specializes in providing auto repair and maintenance information to consumers. The company's platform offers a comprehensive database of articles, reports, and resources, including the RepairPal Fair Price Estimator, which helps users determine fair pricing for common car repairs. Additionally, RepairPal maintains a Certified Network of trusted repair shops that guarantee quality work and fair pricing. By visiting RepairPal.com, consumers can access valuable information to assist them in selecting mechanics that align with their budget and needs, ensuring a reliable and informed auto repair experience.

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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