Amazon's Climate Pledge Fund

Amazon's Climate Pledge Fund is a corporate venture capital fund established to support the development of sustainable and decarbonizing technologies and services. Launched in 2020 with an initial $2 billion in funding, the fund aims to accelerate Amazon's path to meeting the commitments of The Climate Pledge, a commitment to reach net-zero carbon emissions by 2040. The fund invests in companies across multiple industry sectors, including transportation and logistics, energy generation, storage and utilization, manufacturing and materials, food and agriculture, and carbon removal.

The fund seeks to invest in companies of various sizes, from startups to well-established enterprises, developing solutions that will help Amazon and others decrease the overall cost of decarbonization. Investment opportunities are primarily in the form of preferred equity or convertible debt. Companies interested in receiving funding can express interest by filling out a contact form on the fund's website. The Climate Pledge Fund is not a capital source for companies seeking to sell their products on Amazon’s marketplaces.

Since its inception, the fund has made investments in several companies, including CarbonCure Technologies, Pachama, Redwood Materials, Rivian, and Turntide Technologies. These investments align with Amazon's broader sustainability goals, such as powering operations with 100% renewable energy by 2025 and reducing carbon emissions across its global operations. The fund continues to seek innovative companies that can contribute to the transition to a low-carbon economy and support Amazon's commitment to achieving net-zero carbon emissions by 2040.