BP invests in PowerShare, EV charging platform in China; BP Ventures’ first direct investment in China

By mmillikin BP’s venturing business, BP Ventures, has invested in PowerShare, an integrated hardware and software solutions provider for electric vehicle (EV) charging in China. The investment is part of PowerShare’s Series A round, which was led by BP Ventures and draws support from DETONG Capital Partners, a leading private equity firm in China.

PowerShare provides an online platform that connects EV drivers, charge point operators and power suppliers, streamlining the charging experience from locating a charge point through to paying for the power supply. PowerShare’s cloud-based system also allows power suppliers to optimise their operations by continuously monitoring and balancing the power

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