Amazon started as online book store and has grown to be the worlds largest online retailer.
Amazon invests in ION Energy to help shift to low-carbon
Amazon have announced an investment into India-based startup, ION Energy. This latest Climate Pledge Fund recipient develops software to improve the life and performance of lithium-ion batteries that power electric vehicles and energy storage systems.
Transportation is a major part of Amazon’s business and with their commitment to being net-zero carbon by 2040 the company is continuously expanding on ways to make their transportation network more sustainable. In 2019, Amazon ordered 100,000 electric delivery vehicles from Rivian, and this year in Europe, Amazon added 1,800 EV’s from Mercedes-Benz. Recently Amazon also welcomed companies like Mercedes-Benz, Convoy, and Uber as signatories to The Climate Pledge showing widespread commitment across industries such as the automotive, transportation, and logistics spaces.
ION’s flagship offering is a smart battery management system (BMS) that leverages proprietary algorithms to improve battery life and performance. The BMS is typically sold as a product or a technology license to original equipment manufacturers (OEMs) that are developing lithium-ion batteries or electric vehicles. The company works with more than 75 customers in the mobility and energy industry across 15 countries, including India, France, Spain and the U.S.
“As we continue to identify visionary companies whose products and solutions will facilitate the transition to a low-carbon economy, we’re proud to invest in ION Energy, our first investment in India through the $2 billion Climate Pledge Fund, We are inspired by ION’s mission to build technologies that improve the life and performance of lithium-ion batteries that power electric vehicles and energy storage systems, ultimately facilitating the transition to a low-carbon economy.”
– Kara Hurst, vice president and head of Worldwide Sustainability at Amazon