CO2 tracker and supply chain traceability provider Circulor announced Thursday that it closed $14 million in Series A funding, according to a release from the firm. The most recent funding round is intended to expand Circulor’s presence in North America and Asia. This funding round was led by The Westly Group, a California-based venture firm focusing on sustainability-minded startups. The venture firm’s founder Steve Westly is also joining Circulor’s board, according to the release.
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Renault is going to turn its Flins factory outside Paris into a research, recycling and repair centre and will generate more than 1 billion euros in sales from circular economy. Renault’s chief executive Luca de Meo told the french “du dimanche” that the company will will seek to generate more than 1 billion euros in sales from the so-called “circular economy” by turning its Flins factory outside Paris into a research, recycling and repair centre. “Our ambition, by 2030, is to achieve more revenue (from recycling and repair at Flins) than from assembling cars there,” said de Meo. “And to generate more than a billion euros in turnover in the circular economy.”
Swedish company Automotive Components Floby has relaunched its SiCA Light product – an aluminium brake disc with silicon carbide particle reinforcement.