Amazon Invests in Battery Recycler Founded by Former Tesla Exec

Amazon (NASDAQ: AMZN) has invested in a battery recycling start-up founded by former Tesla chief technology officer J.B. Straubel, part of the e-commerce giant's pledge to commit $2 billion to green initiatives.

Amazon's Climate Pledge Fund announced on Thursday that it has invested an undisclosed amount in Redwood Materials, which was founded by Straubel in 2017. Redwood and Amazon will also work together to recycle electric vehicle (EV) batteries and other lithium-ion batteries from electronics.

Image source: Getty Images.

Continue reading

Source Fool.com