Climate Pledge Fund
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| 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+ |
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.
History
[edit]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
[edit]- 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
[edit]- 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]
References
[edit]- ^ "Update: Amazon announces $2 billion Climate Pledge Fund". TechCrunch. Retrieved 2021-12-21.
- ^ Belson, Ken (October 29, 2021). "An Arena Where the Goal Is 'Net Zero' Carbon Emissions, Even From Fans". The New York Times. Retrieved January 5, 2025.
- ^ Stiffler, Lisa (October 16, 2023). "Seattle's Climate Pledge Arena is the first arena in the world to land Zero Carbon certification". GeekWire. Retrieved January 5, 2025.
- ^ Black, Thomas. "Fidelity, Amazon Back E-Plane Startup in $368 Million Funding". BloombergQuint. Retrieved 2021-12-21.
- ^ a b c d "Amazon Announces First Recipients of Investments from $2 Billion Climate Pledge Fund". www.businesswire.com. 2020-09-17. Retrieved 2021-12-21.
- ^ Osborne, Charlie. "Amazon invests in zero carbon footprint aviation startup ZeroAvia". ZDNet. Retrieved 2021-12-21.
- ^ "Climate Innovation Fund | Microsoft CSR". www.microsoft.com.
- ^ "We spun out a $60M fund. 5 things you didn't read in the press". Elemental Excelerator. September 8, 2021.
- ^ "Climate Impact Fund". VertueLab. Retrieved 2022-07-30.
- ^ "DECARBON8 - US". E8 Cleantech Angels.
External links
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