Amazon Invests in EV Charging

by | Nov 8, 2021 | 0 comments

Amazon founder Jeff Bezos announced that he will be investing in three more startup companies as a part of their $2 billion The Climate Pledge Fund that was started by Amazon last June. This pledge includes investing in startup companies and altering the day-to-day operations of Amazon to make the company more environmentally friendly, help the planet, and put an ease to global warming. The company has invested in eleven companies so far that specialize in energy efficiency and environmental friendliness. Amazon has not disclosed how much they are investing per company but the amount of money in their pledge can increase.

One of the startups that were recently invested in is Resilient Power. It is a company based in Texas that specializes in making EV chargers that produce less carbon and are easier to install. Amazon is planning on having 100,000 electric vehicles for its delivery trucks by 2030.

Amazon’s investments stretch across numerous industries other than EV charging. They include a company that fits packaging exactly to the product and eliminates waste in the padding inside packages. The amount of money being invested in fuel for the trucks, planes, and cars that transport packages have increased. Rather than using diesel and jet fuels, this company uses fuel with very low carbon levels. Amazon isn’t the only company investing in green start-ups. According to Dealroom, climate tech startups earned up to $32 billion dollars in investments just in 2021.

Click here to view the full article that was originally posted on CNBC.


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