Former Tesla Inc. (TSLA) top executive J.B. Straubel's recycling venture is among the first recipients of Amazon.com Inc.'s (AMZN) $2 billion Climate Pledge Fund. Straubel, who left Tesla in July 2019 ( ) after more than 15 years as its chief technology officer, has founded Redwood Materials, a startup focusing on recycling electric-car batteries and other lithium-ion batteries and electronic waste. The size of the investment wasn't disclosed, and other recipients are CarbonCure Technologies, which deals with carbon-removal technologies; climate technology company Pachama; electric-vehicle maker Rivian, in which the online retailer has taken a $440 million stake and bought EVs from with plans to use them in its delivery network; and Turntide Technologies, a maker of energy-efficient motors. Amazon announced the fund's creation in June ( ).
-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
September 17, 2020 11:19 ET (15:19 GMT)
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