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:
- 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.
- Rivian is an electric automaker with a special “skateboard” platform. Amazon has ordered 100,000 of its vans to deliver packages starting next year.
- CarbonCure Technologies developed a technology that allows concrete producers (!) to use recycled carbon dioxide.
- Pachama verifies the forest carbon captured in carbon capture programs.
- 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