Amazon’s Resilient Power investment prepares it for Rivian vans

  • Amazon’s Climate Fund and two other partners recently invested $ 5 million in Resilient Power.
  • The charging startup could play a key role in Amazon’s transition to electric delivery vans.
  • Here’s how Resilient Power could support Amazon’s fleet of 100,000 Rivian vehicles.

One of the latest companies to receive funding from Amazon’s Climate Pledge Fund is an electric vehicle charging startup that could help the e-commerce giant operate a fleet of Rivian electric delivery vehicles that could by next end of the decade count 100,000 vehicles.

The Climate Pledge Fund, a $ 2 billion climate technology venture capital program launched by Amazon last year, has so far invested in 11 companies. This includes a recent $ 5 million pledge, made alongside venture capital fund manager Energy Transition Ventures and GS Ventures (the venture capital arm of Korea Group GS), to Resilient Power. Amazon has not disclosed the amount of all of its Fund investments in other companies like the former Tesla CEO Redwood Materials and carbon phase-out startup CarbonCure Technologies, but it recently co-led a round $ 69 million table for Infinium Holdings, a renewable fuels company. .

Headquartered in Austin, Texas, Resilient Power builds “ultra-compact” fast-charging depots for electric vehicles that it claims require only a fraction of the space, cost and time to install. traditional facilities need. The units can be installed in small service stations or bus depots that were not previously built to equip additional infrastructure.

Resilient power

Based in Austin, Texas, Resilient Power builds “ultra-compact” fast-charging depots for electric vehicles.

Resilient power

Infrastructure company EV could play a role in supporting Amazon’s much-vaunted order of 100,000 Rivian electric vans. The Irvine, Calif.-Based EV startup went public this week with a valuation of more than $ 86 billion.

Amazon plans to deploy 10,000 of its Rivian pickup trucks as early as next year. The entire order could be rolled out by 2030, although the deal is not binding and Amazon does not have to purchase the vans. For these vehicles and the thousands of EVs, Amazon says it already operates around the world, the business needs substantial recharging in place.

Amazon has “started preparing its buildings to accommodate its fleet of custom Rivian electric delivery vehicles and has installed thousands of electric vehicle charging stations at its delivery stations,” a spokesperson told Insider in a statement. , noting that the latest investment could strengthen this work. .

“Resilient Power’s technology has the potential to help Amazon continue to expand its fleet of electric vehicle delivery vans in the years to come, while ensuring that vehicles can be recharged quickly to support delivery of vehicles. customers’ packages, ”the spokesperson said. Rivian declined to comment, citing the period of calm surrounding its IPO.

Resilient’s technology, or “microgrid in a box,” combines a transformer, charger, power management, and two-way inverter in one unit that connects directly to the grid. It streamlines infrastructure, engineering and utility permit processes for clients. Resilient also doesn’t require massive network upgrades and can charge up to 24 vehicles at a time, which is especially important for fleet applications.

Resilient Power says the majority of its first orders were for utility companies, but the six-year-old startup is focusing on all public and commercial use cases that require higher power.

“Anyone who needs to charge more than a handful of vehicles at a time is a good use case for our technology,” said Josh Keister, president of Resilient Power. “Most of these facilities weren’t originally intended for charging electric vehicles, so there isn’t usually a lot of power or space available.

“These hard-to-electrify customers are where we are basically the only option.”

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