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Early Tesla Investor Backs Firm That Tracks Metals Supply Chain

  • Westly Group leads $14 million funding round for Circulor
  • Investors of the London startup include BHP, Boeing and Volvo
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Photographer: Cristobal Olivares/Bloomberg

An early Tesla Inc. investor is backing a startup that helps track battery metals across the supply chain to ensure they hold up to environmental and ethical scrutiny.

The Westly Group, which led a funding round with five other venture capital firms, invested $14 million in Circulor Ltd., according to a Thursday statement from the London-based startup. Circulor said it will use the investment for ongoing innovation and to extend its presence in North America and Asia.