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Chevron Technology Ventures

1400 Smith Street, Houston, TX, 77002, United States

Overview

Chevron Technology Ventures champions innovation, commercialization and integration of emerging technologies within Chevron. Chevron Technology Ventures (CTV) helps Chevron embrace emerging technologies to create new commercial opportunities, reduce costs and improve performance. CTV serves as one of the company's most important technology "scouts," always searching for emerging technologies that could enhance Chevron's strategies. CTV identifies, acquires, tests, validates, and, if appropriate, helps integrate those technologies into the company's core businesses. Alternatively, technologies may be studied then "shelved" for future consideration.

Total investments
96
Lead investments
6
Investments · 12mo
11
Active investors
8

Sector focus

  • Finance
  • Financial Services
  • Information Technology
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Investment portfolio

  • Oxford Quantum Circuits

    Participated · Series C · Jun 2026

    Oxford Quantum Circuits, founded as a spinout from Oxford University in 2017 and based in Reading, develops superconducting quantum computing hardware and supporting software. The company deploys its machines in data centres and offers access to customers and researchers as a cloud service. OQC targets business and government customers, citing demand from financial services, defence and security companies for secure quantum technology. It positions itself to move from long-term promise toward near-term commercial delivery and plans to scale internationally and advance its technology roadmap. The company recently strengthened its financial position by raising a £260 million Series C to accelerate commercialization and market expansion. No revenue or user metrics were disclosed in the provided article.

  • KEWAZO

    Participated · Equity · Mar 2026

    KEWAZO builds robotics and AI solutions for heavy-industry material movement, with its flagship product LIFTBOT designed to replace cranes and manual handling. LIFTBOT is deployed at more than 20 sites across North America and Europe, including refineries, petrochemical plants, chemical facilities, and power plants. The company leverages operational deployments to collect structured data and is developing a broader Physical AI platform to drive further automation and transparency across industrial workflows. KEWAZO positions its technology to improve safety, increase efficiency, and enhance schedule predictability for maintenance, turnaround, and capital projects. The company has raised a total of $35 million in funding and plans to use the new capital to expand deployment capacity, extend into additional workflows, and deepen customer integrations. KEWAZO operates from Munich and Houston and counts both traditional venture investors and strategic corporate investors among its backers.

  • DG Matrix

    Participated · Series A · Feb 2026

    DG Matrix’s core product, the Interport, is a solid-state transformer that acts like a power router, combining and distributing electricity from sources such as solar, batteries and the grid. Each Interport can handle up to 2.4 MW, replacing multiple legacy transformers and uninterruptible power supplies while shrinking space requirements from two large skids to a single four-by-four-foot unit. The device boosts overall conversion efficiency to 95-98% compared with 82-90% for traditional setups and reduces component count by as much as 85%, which the company says should increase reliability. Initial customer units are rolling out in June, and 90% of the sales pipeline targets data centers, with the remainder focused on fleet EV charging. DG Matrix is also developing a rack-level “sidecar” product and envisions deploying Interports in micro- and mini-grids for remote communities to alleviate energy poverty. Future expansion plans include broader building-power applications and larger grid-edge projects. The company’s financial footing was strengthened by a recent $60 million Series A round, its first disclosed institutional raise.

  • Standard Nuclear

    Participated · Series A · Jan 2026

    Standard Nuclear manufactures TRi-structural ISOtropic particle (TRISO) nuclear fuel, a ceramic- and carbon-coated uranium pellet designed to be more meltdown-resistant than conventional fuel. The company arose from the bankruptcy of Ultra Safe Nuclear Corporation (USNC) after Decisive Point’s founder acquired USNC’s fuel assets for $28 million. Standard Nuclear reports roughly $100 million in non-binding TRISO fuel orders slated for 2027 from customers such as Radiant Energy and Nano Nuclear Energy, both developers of advanced reactors. Management argues that, as more AI-driven electricity demand pushes small modular reactor deployment, reliable TRISO suppliers will be critical. The company believes its inherited know-how and early start position it to meet that demand ahead of other contenders. However, execution risk remains high because its fortunes are tied to customers successfully scaling reactor manufacturing. Prior to the present raise, the firm had secured $42 million in seed funding when it emerged from stealth seven months ago.

  • Aether Fuels

    Participated · Convertible Note · Jan 2026

    Aether Fuels is a clean-energy company commercializing Aether Auror™, a process that transforms industrial waste gas and biomethane into CORSIA-certified sustainable aviation fuel with more than 70 % greenhouse-gas reductions. Its flagship initiative, Project Beacon, is a 50 barrels-per-day (2,000 t per year) SAF plant being co-developed with Aster at the latter’s Bukom Island refinery in Singapore; engineering is underway, construction is slated for 2026, and commercial operations are targeted for 2028. The company is also planning to open a Singapore R&D center in 2026 to support ongoing technology scale-up. To bolster execution, Aether has added Stu Stott as Global Vice President of Projects and expanded its regional business development team. Including the latest round, Aether has raised more than US$60 million to date, funding pilot activities in the U.S. and the move from demonstration to commercial deployment. The new capital will accelerate Project Beacon and further maturation of its core technology.

Team

  • Charles N. Felton

    Founder

  • Rich Pardoe

    Venture Executive

    LinkedIn
  • Brent Fisher

    Venture Executive

  • Don Riley

    Venture Executive

    LinkedIn