Amazon invests in 11 EV charging startups and other climate technologies to disrupt the $46 trillion market | Tech News

Final month, Amazon founder Jeff Bezos pledged $1 billion to conservation efforts to assist fight local weather change. The pledge is a part of the Bezos Earth Fund, a $10 billion fund he launched in February 2020 designed to put money into scientists, activists, and different organizations to fight the consequences of local weather change and assist protect and defend the world.

Right now, Amazon mentioned it’s investing in three extra local weather tech startups. One of many new recipients is Resilient Energy, an Austin-based tech startup that’s creating electrical automobile charging expertise. Resilient Energy’s expertise permits low-cost multi-megawatt medium voltage quick charging at one-tenth the set up time than comparable techniques.

Amazon mentioned Resilient Energy will assist additional its targets of deploying 100,000 electrical supply autos by 2030. Amazon has contracted Rivian Automotive to supply these electrical autos.

The second startup Amazon is investing in is CMC Equipment, a Perugia, Italy-based startup that makes packing containers designed to suit the precise dimensions of a product in every order, eliminating the necessity for single-use plastic padding.

The third firm is Infinium, a Sacramento-based startup that gives an electrofuels answer to decarbonize the transportation sector utilizing as we speak’s infrastructure. Amazon lately elevated its funding in Infinium after it invested within the firm in January. Infinium has developed ultra-low carbon fuels that can be utilized in air transport, marine freight, and heavy truck fleets, as a substitute for fossil-based diesel and jet fuels.

Thus far, Amazon has invested in 11 local weather tech startup corporations throughout a number of industries, starting from manufacturing and power technology to meals and agriculture. Within the coming years, Bezos mentioned the fund plans to help efforts round panorama restoration and meals system transportation.

“The pure world isn’t higher as we speak than it was 500 years in the past, after we loved unspoiled forests, clear rivers, and the pristine air of the pre-industrial age,” Bezos mentioned in an announcement. “We will and should reverse this anomaly.”

As international locations around the globe transition from fossil fuels to renewable power sources, local weather aware traders are pouring cash into expertise startups working to fight local weather change and cut back our reliance on fossil fuels. To this point this 12 months, local weather tech startups have raised $32 billion, a by no means been seen degree for the reason that combat towards local weather change started 5 a long time in the past. | Amazon invests in 11 EV charging startups and different local weather applied sciences to disrupt the $46 trillion market | Tech Information


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