Amazon van with prime logo in a logistic centre. | Photo by Marcos del Mazo/LightRocket via Getty Images
In its first round of funding from its $2 billion Climate Pledge Fund, Amazon is investing in the battery and e-waste recycling company led by former Tesla executive JB Straubel, along with four other companies. It’s not clear how much money each company will receive.
Amazon made the $2 billion commitment in June as part of efforts to slash its greenhouse gas emissions. Last September, the retail giant said it would cut or capture all of its planet-heating pollution, achieving net-zero emissions, by 2040. To hit that target, Amazon might need the technology being developed by the startups it’s now funding.
“I am excited to announce that we are investing in…tech, The Verge