9/17, 2:28 PM (Source: TeleTrader)
more TeleTrader news

Tesla's co-founder gets financed by Amazon Climate fund

Tesla co-founder JB Straubel won the Amazon funding for his startup Redwood Materials as one of the five companies in which Amazon is investing as part of its $2bn Climate Pledge Fund, the company announced on Thursday.

Redwood is focused on lithium, cobalt and nickel extracting from old mobile phones and other electronics, therefore recovering almost 99% of these materials.

Straubel didn’t precise the exact amount of the investment but stated there is a "potential for partnership on a number of different levels."

Breaking the News / TF