Amazon’s Climate Pledge Fund is backing a recently launched company focused on decarbonizing the transportation sector as the world rushes toward a greener future.
Start-up Infinium manufactures zero-carbon electrofuels, which is fuel made from electricity rather than oil. They’re known as drop-in fuels since they can be used with existing infrastructure. In other words, electrofuels could be used to power the engines of today’s trucks, ships and planes.
The Sacramento-based company announced its first founding round on Tuesday, led by AP Ventures, which is a London-based venture capital firm focused on hydrogen and its role in decarbonization. In addition to Amazon, other backers include…