Climate Pledge Fund
Amazon's climate technology venture capital fund
From Wikipedia, the free encyclopedia
The Climate Pledge Fund is a division of Amazon, set up to develop and manage investments in the climate technology space, as part of its Climate Pledge initiative. It is a corporate venture capital fund.
 | |
| Company type | Public |
|---|---|
| Industry | Venture Capital |
| Founded | 2020 |
| Founder | Amazon |
| Headquarters | Seattle, Washington, U.S. |
| Products | Corporate venture capital |
| Total assets | $2 billion |
Number of employees | 10+ |
History
The Climate Pledge Fund was founded in June 2020 to make investments into early-stage companies focused on decarbonizing or sustainable technologies and services.[citation needed] As of December 2021, Matt Peterson, director, corporate new initiatives, and Kara Hurst, vice president and head of sustainability, lead the fund.[1]
Amazon used the fund as the naming rights sponsor of Climate Pledge Arena, a sports and entertainment venue in Seattle that opened in 2021.[2] The venue was designed with environmentally-friendly features and aimed to have net-zero emissions.[3]
Notable investments
- BETA Technologies - Electric vertical aircraft manufacturer[4]
- CarbonCure Technologies - Lower carbon concrete manufacturer[5]
- Redwood Materials - process & technologies for recycling lithium-ion batteries and producing battery materials from recovered elements[5]
- Rivian - electric vehicle automaker[5]
- Turntide Technologies - optimal efficiency motor technologies for building controls (e.g. ventilation, lighting)[5]
- ZeroAvia - share-haul hydrogen-electric aircraft[6]
See also
- Microsoft's Climate Innovation Fund[7]
- Breakthrough Energy Ventures
- Elemental Excelerator's Earthshot Ventures Fund[8]
- VertueLab's Climate Impact Fund[9]
- Decarbon8-US[10]