BP invested in PowerShare.

BP’s venturing business, BP Ventures, invested in PowerShare. a leading integrated hardware and software solutions provider for electric vehicle 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. Financial terms were not disclosed. Lamar McKay, BP Deputy Chief Executive, said: “China is the world’s largest EV market and a key market for BP as we seek to expand our advanced mobility offer. Our investment into PowerShare, BP Ventures’ first direct investment in China, demonstrates our continued intent to provide charging solutions and advanced mobility offers to Chinese consumers both on and off our forecourts.”