Chevron Tech Ventures

Chevron Technology Ventures (CTV) is the corporate venture capital arm of Chevron Corporation, one of the world's largest energy companies. Founded in 1999 and based in Houston, Texas, CTV identifies and integrates externally developed technologies from the startup ecosystem to enhance how Chevron produces and delivers affordable, reliable, and cleaner energy. The firm operates multiple fund vehicles: the Core Venture Fund covering operational enhancement, digitalization, and lower-carbon operations; the Future Energy Fund targeting carbon capture, emerging mobility, and energy storage; and Future Energy Fund II focused on industrial decarbonization, emerging mobility, energy decentralization, and the circular economy. Since inception, CTV has made 241 investments in over 100 companies with more than 300 co-investors. The portfolio spans energy, cleantech, AI, hardware and robotics, software, and transportation. Notable investments include ChargePoint, the EV charging infrastructure company that completed an IPO; Illumina, the genomics pioneer; Eavor in geothermal energy; Kewazo in construction robotics; Ammobia in specialty chemicals; and DG Matrix in alternative energy. The portfolio has produced 2 IPOs and 5 acquisitions. CTV provides strategic value that extends well beyond capital — portfolio companies gain access to Chevron's global energy infrastructure, deep technical expertise across upstream and downstream operations, and market access in energy markets worldwide. That combination of corporate credibility and operational resources makes CTV a particularly valuable partner for energy technology companies that need both validation and commercial pathways in a capital-intensive sector.