Amazon’s first spherical of local weather pledge funding will deal with battery waste and EVs

Amazon van with prime logo in a logistic centre. Amazon has... Amazon van with prime emblem in a logistic centre. | Picture by Marcos del Mazo/LightRocket by way of Getty Photographs

In its first spherical of funding from its $2 billion Local weather Pledge Fund, Amazon is investing within the battery and e-waste recycling firm led by former Tesla govt JB Straubel, together with 4 different corporations. It’s not clear how a lot cash every firm will obtain.

Amazon made the $2 billion dedication in June as a part of efforts to slash its greenhouse fuel emissions. Final September, the retail big stated it will minimize or seize all of its planet-heating air pollution, reaching net-zero emissions, by 2040. To hit that focus on, Amazon would possibly want the expertise being developed by the startups it’s now funding.

“I’m excited to announce that we’re investing in…

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