The Climate Pledge Fund is a part of Amazon, created to help support and manage projects related to climate technology as part of its Climate Pledge initiative. It is a corporate venture capital fund.
History
The Climate Pledge Fund was created in June 2020 to invest in companies that are working on technologies and services to reduce carbon emissions or promote sustainability. In December 2021, Matt Peterson, who is the director of corporate new initiatives, and Kara Hurst, who is the vice president and head of sustainability, were leading the fund.
Amazon is the sponsor that helped name the Climate Pledge Arena, a sports and entertainment venue in Seattle. The arena opened in 2021 and was built with environmentally friendly features. Its goal is to achieve net-zero emissions.
Notable investments
- BETA Technologies – Makes electric aircraft that can take off and land vertically
- CarbonCure Technologies – Makes concrete with less carbon dioxide
- Redwood Materials – Recycles lithium-ion batteries and creates battery materials from recycled parts
- Rivian – Makes electric vehicles
- Turntide Technologies – Creates motors that use energy efficiently for building systems like ventilation and lighting
- ZeroAvia – Makes short-haul aircraft powered by hydrogen and electricity