Jaguar Land Rover's VC arm invests in blockchain tech firm Circulor

InMotion’s investment enable Jaguar Land Rover to source premium materials with greater transparency as to the provenance, welfare, and compliance of suppliers throughout its networks.

Autocar Pro News Desk By Autocar Pro News Desk calendar 15 Dec 2020 Views icon5438 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Jaguar Land Rover's VC arm invests in blockchain tech firm Circulor

InMotion, Jaguar Land Rover’s venture capital and mobility services arm, has invested in blockchain technology firm Circulor.

The investment will enable Jaguar Land Rover to source premium materials with greater transparency as to the provenance, welfare, and compliance of suppliers throughout its networks. As part of its commitment to be a responsible business, Jaguar Land Rover is always innovating to reduce the environmental and ethical impact of its products across their lifecycle.

The technology can trace valuable raw materials throughout a global supply chain from origin to supplier, with Circulor already using blockchain to boost the traceability of minerals used for electric vehicle batteries.

The technology uses a combination of GPS, biometrics and QR codes to digitally verify the movement of raw materials at every step of the process. As well as tracking compliance, the digital process will enable Jaguar Land Rover to assess the carbon footprint of its supply network.

Blockchain technology is impossible to modify or tamper with, giving customers complete confidence that the supply chain is authentic, and all materials have been sustainably sourced.

Sebastian Peck, Managing Director of InMotion Ventures said: “This investment is further evidence of Jaguar Land Rover’s commitment to improving the sustainability of its supply chain around the globe, and will help authentically trace raw materials from origin to supplier, eventually to vehicle. The implementation of blockchain technology provides a great opportunity to make a systemic change in supply chain compliance, not just for the automotive world but for other industries, too.”

Douglas Johnson-Poensgen, CEO and Founder of Circulor, said: “Our blockchain technology has already proved its worth in tracking materials, and we are excited to innovate further with Jaguar Land Rover and its global supply chain. We believe the digitalisation of the supply chain is key to ensuring traceability between the multiple intermediaries that handle the material between its origin and the manufacturer.”

 

RELATED ARTICLES
Hyundai Motor to join forces with Japan in building hydrogen network

auther Autocar India calendar11 Mar 2025

The Korean automaker, which is participating in the Japan-Korea Parliamentarians' Federation's visit to Japan, is part o...

Valeo and Finland’s TactoTek collaborate for innovative lighting solutions

auther Autocar India calendar10 Mar 2025

Valeo will leverage TactoTek’ CES 2025 award-winning In-Mould Structural Electronics technology to offer unique interior...

Stellantis SAE Level 3 hands-free and eyes-off autonomous tech ready for deployment  

auther Autocar India calendar10 Mar 2025

STLA AutoDrive has hands-free and eyes-off (SAE Level 3) functionality available up to 60kph, even at night and in chall...