HP Udgam Cohort 2025 Round-II
HPCL's flagship startup support initiative offering equity funding up to ₹2.5 crore for early-stage startups in energy, oil & gas, and digital innovation.
- Funding amount
- ₹2.5Cr (equity)
- Funding type
- Equity
- Provider
- Hindustan Petroleum Corporation Limited (HPCL) (Corporate)
- Application deadline
- Closed (28 Feb 2026)
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Overview
HP Udgam Cohort 2025 – Round II is the second edition of Hindustan Petroleum Corporation Limited's (HPCL) flagship startup support initiative. The program invites early-stage startups working on solutions that align with the oil & gas industry and emerging energy transition technologies to apply for equity funding and collaboration opportunities.
The focus areas include renewable energy, biofuels, e-mobility, energy storage, LNG, CGD (city gas distribution), CBG (compressed biogas), sustainability, and digital innovations relevant to HPCL's business value chain. The initiative aims to foster innovation by enabling HPCL to adopt cutting-edge solutions while helping startups scale their ventures.
Selected startups can receive equity funding of up to ₹2.5 crore, subject to a rigorous multi-stage evaluation process. This involves presentations before two high-level HPCL committees that assess the startup's innovation, strategic fit with HPCL's business, scalability potential, and overall impact.
Highlights
- Equity funding of up to ₹2.5 crore for early-stage startups.
- Focus on energy transition, renewables, and digital innovation in oil & gas.
- Multi-stage evaluation including presentations before two HPCL committees.
- Opportunity to partner with a major public sector oil and gas corporation.
- Application deadline: 28th February 2026.
Who can apply
This program is open to early-stage startups that are developing solutions in the oil & gas sector, energy transition areas (such as renewables, biofuel, e-mobility, energy storage, LNG, CGD, CBG, or sustainability), or digital innovations that can be applied to HPCL's business domains. Applicants must be willing to undergo HPCL's evaluation and selection process, which includes multiple stages of review and presentations.
HP Udgam Cohort 2025 Round-II is open to startups at any stage. It is open to startups registered anywhere in India.
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Deadline & timing
The most recent application window for HP Udgam Cohort 2025 Round-II closed on 28 Feb 2026. Many programmes run repeat cohorts, so it is worth checking the official site for the next round.
What the funding covers
Selected startups receive equity funding support of up to ₹2.5 crore from HPCL. Beyond capital, startups benefit from the opportunity to collaborate with a leading public sector oil and gas company, gaining access to HPCL's industry expertise and potential pilot or deployment opportunities for their solutions.
About the provider
HP Udgam Cohort 2025 Round-II is offered by Hindustan Petroleum Corporation Limited (HPCL), a corporate programme. It is delivered directly by Hindustan Petroleum Corporation Limited (HPCL) as a equity. You can verify current details and timelines on the provider's official website before applying.
How to apply
Applications are submitted on the official portal. Confirm the current deadline and document checklist there before you start.
Selection process
Applications are first submitted through the HPCL Startup Portal. After preliminary screening by HPCL, shortlisted startups are invited to present their solutions before two high-level evaluation committees. Final selection is based on the innovation, strategic fit with HPCL's business, scalability, and potential impact of the proposed solution.
Documents you’ll need
Before you apply to HP Udgam Cohort 2025 Round-II, keep the following documents ready:
- A pitch deck or short business plan describing the problem, product and traction
- Company registration documents and PAN
- Founder identification (PAN / Aadhaar) and brief profiles
- Recent financial statements or projections
- Product details — a demo, prototype or working link if available
Exact requirements are confirmed on the official application portal — treat this as a preparation checklist.
Who this is best for
HP Udgam Cohort 2025 Round-II is best suited for startups in India seeking an equity investment of ₹2.5Cr. If that describes your startup, review the eligibility criteria above before applying.
Frequently asked questions
How much funding does HP Udgam Cohort 2025 Round-II provide?
Selected startups can receive equity funding support of up to ₹2.5 crore.
What is the application deadline for this program?
The deadline to apply is 28th February 2026.
Which startups are eligible to apply?
Early-stage startups working on solutions aligned with the oil & gas industry, energy transition (such as renewables, biofuel, e-mobility, energy storage, LNG, CGD, CBG, or sustainability), or digital innovations relevant to HPCL's business are eligible.
Is there any specific stage requirement for startups?
The program is open to early-stage startups, including those at product or revenue stage.
Does the program take equity?
Yes, HP Udgam provides equity funding, meaning HPCL will take an equity stake in the selected startup.
What is the selection process?
Applications are submitted via the HPCL Startup Portal, followed by a preliminary screening. Shortlisted startups then present before two high-level HPCL committees. Final selection is based on innovation, strategic fit, scalability, and impact.
How can I apply?
You can apply through the HPCL Startup Portal at https://startup.hpcl.co.in/HPCLStartup/.
What documents are typically required?
The program does not specify a detailed list of documents. Typically, you would need to provide your startup's pitch deck, business plan, and any relevant technical documents. The application portal likely outlines specific requirements.
Is DPIIT or MSME registration required?
The eligibility summary does not mention a requirement for DPIIT or MSME registration. However, startups may need to be registered as a legal entity in India.
Are startups from any state in India eligible?
The eligibility criteria do not specify any state restrictions, so startups from all over India are likely eligible to apply.
Who offers HP Udgam Cohort 2025 Round-II?
HP Udgam Cohort 2025 Round-II is offered by Hindustan Petroleum Corporation Limited (HPCL), a corporate programme. It is provided as an investment.
More funding from Hindustan Petroleum Corporation Limited (HPCL)
Hindustan Petroleum Corporation Limited (HPCL) runs another program listed on startupfunds — compare them before you decide where to apply.
Alternatives to HP Udgam Cohort 2025 Round-II
Not sure HP Udgam Cohort 2025 Round-II is the right fit, or already applied? These are other equity open to Indian startups that founders shortlist alongside it.
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