Amazon Climate Pledge Fund

The Amazon Climate Pledge Fund is a corporate venture capital fund launched by Amazon in 2020 to invest in companies developing decarbonization technologies aligned with the Climate Pledge, Amazon's commitment to reach net-zero carbon emissions by 2040, ten years ahead of the Paris Agreement timeline. Amazon initially committed $2 billion to the fund, which operates as a strategic investor focused on products and services that can facilitate the transition to a low-carbon economy across multiple sectors. The fund invests from Series A through growth equity, with check sizes typically from $5 million to $50 million, in companies developing clean energy and storage systems, sustainable transportation, green building materials, food and agriculture innovations, and circular economy solutions. As both a financial investor and a strategic partner, portfolio companies benefit from access to Amazon as a potential large-scale customer and distribution partner across its global operations spanning logistics, data centers, packaging, and retail infrastructure. This dual commercial and financial role distinguishes the fund from purely financial climate investors and creates additional value for companies whose solutions can be deployed or sold within Amazon's supply chain. The fund reviews potential investments against their alignment with the Climate Pledge framework, assessing the environmental impact alongside financial return potential. Notable portfolio companies include Infinium (electrofuels for hard-to-abate sectors), Pachama (nature-based carbon credits and forest monitoring), Redwood Materials (lithium-ion battery recycling), and Turntide Technologies (software-defined electric motors for industrial applications).