Circulor

What Circulor does

Circulor is a blockchain-based supply chain traceability platform founded in 2017 and headquartered in London, serving the battery, automotive, mining, chemicals, and recycling value chains. Its PROVE platform generates and manages Digital Product Passports that track critical materials (cobalt, lithium, nickel, graphite, rare earths) from extraction through processing, cell manufacturing, vehicle production, and recycling. The platform captures item-level data including provenance, embedded carbon across Scope 1/2/3 emissions, and recycled content, with a Compliance Engine built to ESPR and CEN/CENELEC JTC 24 standards and a configurable permissions engine governing role-based access for regulators, economic operators, and the public. Circulor deployed the world's first production-scale battery passport with the Volvo EX90 in June 2024 and has since expanded into Battery Energy Storage Systems and sodium-ion batteries.

The company operates an enterprise SaaS model with quote-based annual subscriptions, direct enterprise sales targeting automotive OEMs and battery cell manufacturers, and a TIC partner channel with TÜV Rheinland and Bureau Veritas. It has raised approximately $45M in disclosed funding across a 2021 round and a $25M Series B in June 2022 led by Westly Group and HG Ventures with strategic participation from Volvo, Jaguar Land Rover, BHP, and Salesforce Ventures. Named customers span roughly 25+ enterprises across the full battery value chain, including Volvo Cars, Polestar, Ford, Tesla, Lucid, Volkswagen, Mercedes-Benz, BMW, General Motors, CATL, Panasonic, LG Energy Solution, AESC, BHP, Trafigura, SQM, POSCO, Huayou Cobalt, and Cyclic Materials. The company is positioned to benefit from the EU Battery Regulation (EU 2023/1542) compliance deadline of February 2027.

Name

Circulor

Legal name

Circulor

Website

https://circulor.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

Circulor is a blockchain-based supply chain traceability platform that provides Digital Product Passports for battery, automotive, mining, and recycling companies to prove material origin, embedded carbon, and recycled content for EU regulatory compliance.

Ownership category

akta.pro rank

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. SaaS Platform Subscription: Software-as-a-service platform providing supply chain traceability and digital product passport solutions. The company offers enterprise solutions with pricing based on supply chain scale and compliance requirements.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Circulor provides an enterprise SaaS platform (PROVE) that issues Digital Product Passports and tracks materials as they change state through manufacturing and recycling supply chains, with a flagship Battery Passport solution proven at scale on production vehicles such as the Volvo EX90. The platform combines a compliance engine (built to ESPR and CEN/CENELEC JTC 24 standards), a configurable permissions engine, and batch-level recycled content tracking to help automotive OEMs, battery cell manufacturers, mining and chemicals firms, recyclers and TIC partners meet EU Battery Regulation (EU 2023/1542) and EU Ecodesign (EU 2024/1781) requirements.

Product overview

Circulor provides an enterprise software platform for Digital Product Passports and supply chain traceability. The portfolio consists of: PROVE Platform (core platform for generating and managing Digital Product Passports), Digital Product Passports (regulatory compliance for EU Battery Regulation and ESPR), Battery Passports (enterprise solution for EV batteries with world's first production deployment in Volvo EX90), Supply Chain Trust & Assurance (tiered compliance framework with configurable permissions), Compliance Engine (supply chain compliance verification templates), and Recycled Content Software (batch-level recycled material tracking). The platform serves automotive OEMs, battery cell manufacturers, and TIC partners across the battery value chain.

Differentiator

Problem solved

Functional benefit

Products and services

• PROVE Platform Enterprise-grade platform for generating and managing Digital Product Passports, built to ESPR and CEN/CENELEC JTC 24 (prEN18239) standards. Includes compliance engine for supply chain verification and a configurable permissions engine for role-based data access across public, regulator, economic operator and persons of legitimate interest. Used by automotive OEMs, battery cell manufacturers and TIC partners.
• Digital Product Passports Enterprise-grade digital product identifiers with proven due diligence for supply chain transparency and regulatory compliance with EU Battery Regulation (EU 2023/1542) and the Ecodesign for Sustainable Products Regulation (ESPR). Provides verified data on material origin, embedded carbon footprint and recycled content. Sold to enterprises across the battery and industrial value chain.
• Battery Passports Enterprise-grade Battery Passport solution for electric vehicle batteries, providing material traceability, embedded carbon footprint and recycled content tracking at individual vehicle level. First production deployment on the Volvo EX90, also extended to the first Battery Energy Storage System (BESS) Battery Passport pilot with REPT Battero and TÜV Rheinland in June 2026. Sold to automotive OEMs and battery cell manufacturers.
• Supply Chain Trust & Assurance Tiered Trust & Assurance framework that enables flexible compliance levels through a configurable permissions engine, allowing organizations to prove supply chain claims with the appropriate verification depth for different supplier tiers and stakeholder roles. Sold to enterprises seeking tiered supply chain compliance.

Quantifiable outcome

• World's first full-scale Battery Passport deployed for production vehicles (Volvo EX90)
• +2 more outcomes

Named customers27 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eight partnerships are on record, tiered core.

• Bureau VeritascoreStrategic or Co-development Partner · 19 June 2026Strategic collaboration to help organizations implement traceability and digital passport requirements mandated by EU regulations, specifically the EU Battery Regulation (EU 2023/1542) and EU Ecodesign Regulation (EU 2024/1781). The partnership delivers integrated solutions covering battery digital passport setup, supply chain traceability, carbon footprint assessments, and regulatory compliance validation.
• REPT BATTEROcoreTechnology or Integration · 5 June 2026Successful completion of the first Battery Energy Storage System (BESS) Battery Passport pilot with independent third-party verified data by TÜV Rheinland. Platform-generated Battery Passport with all regulated data attributes independently verified.
• Tees Valley LithiumcoreTechnology or Integration · 12 February 2026Partnership to deliver a digital tracking platform that records material inputs and outputs across the refinery and enables the measurement of recycled content at batch level. Supports EU Battery Regulations requirements for digital battery passports with verified recycled content.
• BatteryPassReadycoreStrategic or Co-development Partner · 3 December 2025Circulor applied as supporting partner to BatteryPassReady project which brings together over 80 supporting partners to prepare the battery value chain for EU Battery Regulation compliance. Circulor served as technical lead for the original Battery Pass Consortium.
• Acculon EnergycoreTechnology or Integration · 28 May 2025Strategic agreement to deliver end-to-end traceability for battery production, tracking critical minerals including lithium, cobalt, nickel, and graphite along with their carbon footprints. First-ever embedding of traceability in the sodium-ion supply chain.
• Rockwell AutomationcoreStrategic or Co-development Partner · 28 May 2025Three-party strategic agreement with Acculon Energy and Circulor to deliver next-generation battery energy storage solutions. Combines Rockwell's state-of-the-art manufacturing expertise with Circulor's traceability solutions.
• TÜV RheinlandcoreStrategic or Co-development Partner · 26 May 2025Strategic cooperation agreement for digital services including digital product passports, supply chain traceability and management, and global regulatory compliance. Joint development of innovative services for digital battery passport services based on EU Batteries Regulation and Ecodesign for Sustainable Products Regulations.
• Cyclic MaterialscoreTechnology or Integration · 12 December 2024Partnership for end-to-end traceability of rare earth elements, enabling verification of material origin and processing through the supply chain.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• DiMuto: DiMuto offers supply chain traceability and trade digitization, originally focused on agri-food but expanding into other verticals. It is comparable to Circulor as an enterprise SaaS platform using blockchain/tokens for product provenance and supply chain visibility.
• OriginTrail: OriginTrail is a decentralized knowledge graph for supply chain interoperability and trusted data sharing. It is comparable to Circulor as a blockchain/Web3-based supply chain traceability platform targeting enterprise and consortia use cases.
• OPTEL Group: OPTEL provides traceability solutions for pharmaceuticals, food & beverage, and consumer goods with a focus on regulatory compliance and supply chain visibility. It is comparable to Circulor in offering enterprise supply chain traceability software, though it has a broader vertical footprint beyond batteries.
• Circularise: Circularise offers blockchain-based digital product passports and supply chain traceability for plastics, textiles, and other materials. It is the most direct competitor to Circulor in the DPP/blockchain-traceability space, sharing a similar technology foundation and regulatory-driven value proposition.
• Everledger: Everledger provides blockchain-based traceability and provenance for diamonds, gemstones, and other high-value materials. It is comparable to Circulor in using blockchain for material provenance, though its current focus has shifted toward carbon and ESG data platforms.
• Minehub Technologies: Minehub provides blockchain-enabled supply chain management for the mining and metals industry, tracking metals from mine to refinery. It overlaps with Circulor in critical-minerals traceability and digital chain-of-custody use cases.

Broad incumbents

• SAP (Digital Product Passport Network): SAP is building a Digital Product Passport Network for manufacturers as part of its broader enterprise software suite. It is comparable to Circulor as a potential competitor with massive installed enterprise reach, but its DPP offering is part of a much broader ERP/supply chain portfolio rather than a specialized solution.
• IBM Food Trust / Blockchain Supply Chain: IBM has blockchain-based supply chain solutions (most notably Food Trust) and is active in DPP/ESG data initiatives. It is comparable to Circulor as a large incumbent with the resources to enter the DPP market, though its blockchain supply chain work has primarily focused on food/agriculture.

Emerging players

• Trusource Labs (formerly Transparency-One): Trusource Labs (formerly Transparency-One) provides supplier traceability and compliance for CPG and retail brands. It is comparable to Circulor as a supply chain traceability SaaS, though it focuses on supplier compliance/audit use cases rather than battery passports.
• Resilinc: Resilinc offers supply chain visibility, risk management, and traceability for manufacturers across multiple verticals. It is comparable to Circulor in providing enterprise supply chain transparency tools, though it emphasizes multi-tier supplier mapping and disruption risk over digital product passports.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights8 records

Customer concentration

• Xx.com/circulor1
• Facebookfacebook.com/Circulor1
• LinkedInlinkedin.com/company/circulor

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds4 records

Investors16 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Circulor