BP Invests in e-Commerce Platform PartsTech
July 27, 2019—BP Ventures announced a $3 million investment in the online parts and supply platform PartsTech.
PartsTech is described in a press release as a "next-generation auto parts ordering platform designed to help professional technicians and workshop owners save time and reduce the difficulty associated with wholesale automotive parts procurement."
The investment will support BP subsidiary Castrol as it looks to grow its digital footprint and service support, the pres release said.
"We are thrilled to partner with BP Ventures and Castrol and to be able to leverage their strength to expand our capabilities into lubricants and quick lube, as well as to support our continued growth into new geographic markets," said PartsTech CEO Gregory Kirber in the release.