Amazon’s Climate Pledge Fund Announces First Five Investments

It’s facing pressure to reduce its massive carbon footprint

If you find yourself thinking, “I’m not ready to lose Miami. What are some cool startups working to tackle climate change?” then keep your eye on the Climate Pledge Fund, Amazon’s $2 billion initiative to invest in companies doing exactly that. Yesterday, the Climate Pledge Fund announced its first five investments

  1. Redwood Materials was founded in 2017 by Tesla’s former CTO, JB Straubel. It’s a recycling company, but not the kind that wants your used Sprite cans. Redwood is focused on making sure ingredients from e-waste (batteries, computers, power tools, etc.) get pumped back into the supply chain.
  2. Rivian is an electric automaker with a special “skateboard” platform. Amazon has ordered 100,000 of its vans to deliver packages starting next year.
  3. CarbonCure Technologies developed a technology that allows concrete producers (!) to use recycled carbon dioxide.  
  4. Pachama verifies the forest carbon captured in carbon capture programs.
  5. Turntide Technologies makes ultra-high-efficiency motors that reduce energy use. 

Zoom out: Facing pressure to reduce its massive carbon footprint, Amazon aims to be carbon neutral by 2040.

Via Morning Brew

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