- Amazon’s Climate Fund and two other partners recently invested $5 million into Resilient Power.
- The charging startup could play a key role as Amazon transitions 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 EV charging startup that could help the e-commerce giant operate a fleet of Rivian electric delivery vehicles that could by decade’s end number 100,000 vehicles.
The Climate Pledge Fund, a $2 billion climate-tech VC program launched by Amazon last year, has so far invested in 11 companies. This includes a recent pledge of $5 million, invested alongside VC fund manager Energy Transition Ventures and GS Ventures (the corporate VC arm of Korea’s GS Group), to Resilient Power. Amazon hasn’t disclosed the amount of all of its Fund investments in other companies like former Tesla exec-led Redwood Materials and carbon-removal startup CarbonCure Technologies, but it recently co-led a $69 million round for Infinium Holdings, a renewable fuels company.
Headquartered in Austin, Texas, Resilient Power builds “ultra-compact” fast charging depots for electric vehicles that it says requires only a fraction of the space, cost, and installation time that traditional installations need. The units can fit at small gas stations or bus depots that weren’t previously built to equip additional infrastructure.
The EV infrastructure company could play a role in supporting Amazon’s much-touted order of 100,000 Rivian electric vans. The Irvine, California-based EV startup IPO‘d this week with a more than $86 billion valuation.
Amazon plans to deploy 10,000 of its Rivian vans as early as next year. The entire order could be deployed by 2030 – though the deal isn’t binding and Amazon does not have to buy the vans. For these vehicles and the thousands of EVs Amazon says it already operates world-wide, the company needs substantial charging in place.
Amazon has “started getting its buildings ready to accommodate its fleet of custom electric delivery vehicles from Rivian and has installed thousands of electric vehicle charging stations at its delivery stations,” a spokesperson told Insider in a statement, noting the latest investment could bolster that work.
“Resilient Power’s technology has the potential to help Amazon continue to expand its fleet of EV delivery vans in the coming years, while ensuring that vehicles can be quickly re-charged to support delivery of customers’ packages,” the spokesperson said. Rivian declined to comment, citing the quiet period surrounding its IPO.
Resilient’s technology, or “microgrid in a box,” combines a transformer, charger, power management, and bidirectional inverter in one unit that connects directly to the grid. It streamlines the infrastructure permit, engineering, and utility processes for customers. Resilient also doesn’t require massive grid upgrades, and can charge up to 24 vehicles at a time, especially important for fleet applications.
Resilient Power says the majority of its early orders have been for utility companies, but the six-year-old startup focuses on any public and commercial use cases that need higher power.
“Anyone who needs to charge more than a handful of vehicles at a time is a good use case for our technology,” Resilient Power President Josh Keister said. “Most of these facilities weren’t originally planned for EV charging so there’s typically not very much power or room available.
“Those hard-to-electrify customers are where we’re basically the only option.”