Tesla’s former executive is among first to win Amazon climate-fund investment

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Former Tesla Inc. top executive J.B. Straubel’s recycling venture is among the first recipients of Amazon.com Inc.’s $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.
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