Meet the first 5 startups in Amazon’s new $1B industrial innovation fund

Modjoul was recently mentioned in this Yahoo Finance article.

“Amazon launched Thursday a $1 billion fund focused on logistics, the supply chain and customer fulfillment with focus — at least in this first batch of investments — on wearable technology that improves safety in its fulfillment centers and robotics.

The Amazon Industrial Innovation Fund follows other investment activities by the company aimed at finding, backing and sometimes acquiring companies working on technology critical to its own mission. Amazon launched a $2 billion Climate Pledge Fund in 2020 to invest in sustainable technologies and services that will help the company reach its commitment to be net-zero carbon in its operations by 2040. Amazon’s climate fund has invested in 11 companies to date, including CarbonCure, CMC Machinery, Pachama, Redwood Materials, Resilient Power, Rivian, TurnTide Technologies, BETA Technologies, Ion Energy, ZeroAvia and Infinium…”

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