Climate Pledge Fund

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
The Climate Pledge Fund makes investments into early-stage companies focused on decarbonizing or sustainable technologies and services. The fund is part of Amazon's Climate Pledge initiative with climate advocacy group Global Optimism. It was funded with an initial $2 billion in June 2020.

This corporate venture capital fund is distinct from the following sustainability-related organizations affiliated with Amazon:
 * the $10 billion Bezos Earth Fund, which provides philanthropic grants to environmental organizations globally
 * the $100 million Right Now Climate Fund, which provides philanthropic contributions to local and regional non-governmental organizations in Europe
 * the $1B corporate venture capital fund, Amazon Industrial Innovation Fund, which will invest in the industrial sector

People
As of December 2021, Matt Peterson, Director, Corporate New Initiatives, and Kara Hurst, Vice President and Head of Sustainability, lead the fund.

2020 investments

 * Redwood Materials - process & technologies for recycling lithium-ion batteries and producing battery materials from recovered elements
 * Rivian - electric vehicle automaker
 * Turntide Technologies - optimal efficiency motor technologies for building controls (e.g. ventilation, lighting)
 * CarbonCure Technologies - Lower carbon concrete manufacturer
 * Pachama - carbon offset verification technology
 * ZeroAvia - share-haul hydrogen-electric aircraft

2021 investments

 * BETA Technologies - Electric vertical aircraft manufacturer
 * ION Energy - smart battery management platform for automotive
 * CMC Machinery - design and manufacture of custom-sized boxes
 * Resilient Power - electric vehicle recharging infrastructure
 * Infinium - Ultra low carbon fuels for global transport
 * Hippo Harvest - controlled environment agriculture
 * Amogy - zero-emissions ammonia-based fuel for heavy-duty transportation, starting with marine shipping

2022 investments

 * Ambient Photonics - high power density solar cells for smart home devices and consumer electronics.

Other climate tech investors

 * Microsoft's Climate Innovation Fund
 * Breakthrough Energy Ventures
 * Elemental Excelerator's Earthshot Ventures Fund
 * VertueLab's Climate Impact Fund
 * Decarbon8-US