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Circulor: Enterprise software for supply chain traceability, tracking battery materials for clean energy, monitoring ESG data and responsible sourcing.
Based in London, UK, Circulor provides enterprise software for supply chain traceability, focusing on tracking battery minerals and materials for the clean energy transition. The company operates a traceability-as-a-service model that creates a digital chain of custody from mine to final product, attaching critical environmental, social, and governance data such as carbon emissions to the tracked materials. Operating globally across the EMEA, North America, and APAC regions, the platform utilizes statistical process control to monitor yields, compliance, and responsible sourcing risks. Circulor is backed by investors including Salesforce Ventures and serves enterprise customers across the automotive and energy storage sectors, such as Volvo, Powin, Acculon Energy, and Talon Metals. In June 2024, the firm launched the world's first battery passport on the Volvo EX90 vehicle. The organization was founded by Douglas Johnson-Poensgen, Veera Johnson, and Coenraad van Deventer.
Circulor has raised $69.2M across 3 funding rounds.
Circulor has raised $69.2M in total across 3 funding rounds.
Circulor has raised $69.2M in total across 3 funding rounds.
Circulor's investors include The Westly Group, 24Haymarket, BHP Ventures, Future Positive Capital, HG Ventures, InMotion Ventures, Salesforce Ventures, Systemiq Capital, Volvo Cars, Steve Westly, Indus Valley Capital, Khosla Ventures.
Circulor is a London-based technology company founded in 2017 that provides a software platform for materials traceability in complex supply chains, particularly for high-impact materials like cobalt, lithium, and nickel used in EV batteries, electronics, and recycling processes.[1][2][3] It enables businesses to track physical material flows from extraction to final production, measure ESG characteristics including Scope 1-3 emissions, ensure ethical sourcing, and comply with global regulations via digital product passports and near real-time insights.[1][2][3] Serving global leaders such as Volvo Cars, Polestar, Mercedes, BMW, and 52% of global cell manufacturers across 150+ facilities, Circulor addresses supply chain opacity to prove sustainability claims and mitigate risks like child labor or deforestation.[1][2][7] The platform processes 2.6 billion traceability data points and 623 million records, driving industry-wide standards as the first to deploy battery passports at full industrial scale.[1][2]
Circulor was founded in 2017 in the UK by Douglas Johnson-Poensgen, who serves as CEO, driven by the belief that emerging technologies could solve entrenched supply chain issues like distributed trust problems in sourcing critical minerals.[2][5] The idea emerged from early challenges in tracing conflict minerals, with a pivotal 2018 demonstration digitizing the full supply chain for tantalum from Rwandan mine sites to consumer markets, which attracted Volvo Cars as a key partner for tracking cobalt, lithium, and nickel in batteries.[5] This early traction expanded the company's focus to broader ESG compliance, leading to offices in the US, Germany, Singapore, and Australia, B Corporation certification in 2022, and recognitions like World Economic Forum Technology Pioneer, Global Cleantech 100, and DIGITALEUROPE’s 2022 Future Unicorn Award.[3] Recent leadership changes, including Giles Palmer's appointment as CEO in May 2025, signal a push for scaled growth.[1]
Circulor rides the surge in sustainable supply chain demands fueled by EV battery proliferation, where critical minerals like nickel, cobalt, and lithium face ethical risks from concentrated mining regions with weak provenance standards.[1][5][7] Timing aligns with tightening regulations—EU Battery Passports, conflict minerals rules, and ESG mandates—forcing brands to verify Scope 3 emissions and human rights compliance amid rising consumer scrutiny.[1][5] Market forces like exploding battery demand and geopolitical supply risks amplify its value, as companies like Mercedes and BMW invest in traceability to avoid reputational damage from issues like Indonesian nickel deforestation or cobalt child labor.[5][7] By shaping global DPP standards and partnering with auditors/industry bodies, Circulor influences the ecosystem, lowering traceability costs via AI/blockchain and enabling sector-wide shifts toward responsible sourcing in cleantech and mobility.[1][6]
Circulor is poised for accelerated expansion through 2026 and beyond, leveraging its CEO transition, strategic alliances (e.g., TÜV Rheinland, Rockwell), and founder's 2025 TIME 100 Climate List recognition to capture growing mandates for battery traceability and digital passports.[1] Trends like AI-enhanced ESG auditing, closed-loop battery recycling, and expanded Scope 3 regulations will propel demand, especially as EV production scales and minerals shortages intensify. Its influence could evolve from pioneer to standard-setter, potentially dominating the $10B+ traceability market by integrating with IoT for real-time global networks—transforming opaque industrial chains into trusted, sustainable systems and redefining corporate accountability from Circulor's early tantalum proof-of-concept to planetary-scale impact.[1][5]
Circulor has raised $69.2M across 3 funding rounds. Most recently, it raised $24.2M Series B in August 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 8, 2022 | $24.2M Series B | The Westly Group | 24Haymarket, BHP Ventures, Future Positive Capital, HG Ventures, InMotion Ventures, Salesforce Ventures, Systemiq Capital, Volvo Cars |
| Jun 1, 2022 | $25.0M Series B | HG Ventures | |
| Jun 1, 2021 | $20.0M Series A | Steve Westly | Indus Valley Capital, Khosla Ventures, Kompas VC, MS&AD Ventures, Multicoin Capital, WorkLife Ventures, James Beshara, Kyle York, Varun Srinivasan, 24Haymarket, BHP Ventures, Boeing HorizonX Ventures, Future Positive Capital, Jaguar Land Rover, Plug and Play, Salesforce Ventures, Sky Ocean Ventures, SYSTEMIQ, Total Energy Ventures, Volvo Cars |