Amazon on Thursday announced the first five companies selected to receive investments from its Climate Pledge Fund, a $2 billion initiative revealed in June to support innovations that will help the Seattle-based cloud computing and online shopping behemoth reduce its carbon emissions.
“The Climate Pledge Fund invests in visionary companies whose products and services can empower a low carbon economy,” Amazon CEO Jeff Bezos said in statement. “Today, I am excited to announce that we are investing in a group of companies that are channeling their entrepreneurial energy into helping Amazon and other companies reach net zero by 2040 and keep the planet safer for future generations.”
Amazon declined to comment on how much it is investing in each company. A spokesperson said amounts range from hundreds of thousands in seed and early-stage investments to multi-million dollar