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Amazon announced the first companies its climate fund is backing

Five companies are to receive the first round of funding from Amazon's $2 billion Climate Pledge Fund.

The Financial Times reports that the companies are:

  • Redwood Materials, a startup founded by Tesla co-founder JB Straubel, which aims to extract lithium, cobalt and nickel from old smartphones.
  • Rivian, the electric vehicle manufacturer that Amazon has previously invested in.
  • Carbon Cure, which locks CO2 into concrete.
  • Turntide Technologies, which makes efficient software-controlled motors.
  • Pachama, which uses computer vision to monitor satellite imagery in order to assess the carbon offsetting commitments.
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