"We hope the Clippers' commitment to sustainability will become the new standard in professional sports." "With this partnership, Aspiration is providing the Clippers with instant access to a range of tools to make the Intuit Dome a first-of-its-kind climate-positive arena," Cherny said. In a statement to CNBC, Aspiration co-founder and CEO Andrei Cherny lobbied for more teams to emulate the Clippers and use Aspiration's tech to increase awareness about climate change. In addition, the complex will use carpool incentives that the Clippers claim could reduce vehicle trips by 15%, and help the Port of Los Angeles buy 26 electric tugboats to improve local air quality.Īs part of the deal, the Clippers and Aspiration will launch a fund to "provide fans with the opportunity to offset their own carbon impact whenever they purchase a ticket" to Intuit Dome events, the two parties said. Intuit Dome will operate as a fully electric arena, and the Clippers said the complex would save nearly 10 million gallons of water per year through conservation and the use of reclaimed water. That mission fits with the Clippers' plan to operate their complex as 100% carbon-free. Aspiration has raised $450 million to date, according to PitchBook, and entered an agreement to go public via a $2.3 billion SPAC merger with InterPrivate III Financial Partners last month.Īspiration allows its customers to choose how much they pay for banking services and espouses a mission of combating climate change - it promises, for instance, not to put any money into funding the coal or oil industries. Combining this deal with Intuit's contract gives the Clippers more than $800 million in committed revenue for the Intuit Dome, which is scheduled to open in 2024.Īspiration is based in nearby Marina del Rey, with investors including actor Leonardo DiCaprio and Philadelphia 76ers coach (and former Clippers coach) Doc Rivers. Terms of the deal weren't disclosed, but people with knowledge of the agreement told CNBC it eclipses $300 million. Personal Loans for 670 Credit Score or LowerĪspiration will be featured in signs around the arena and in other marketing materials, including some that are related to fighting climate change and reducing fans' personal carbon footprints. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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