Iconic Air, a Morgantown-based startup specializing in carbon emissions management, has been acquired by Japanese climate tech firm Asuene in a strategic move to enhance sustainability solutions globally.
Information on the Target
Iconic Air, a Morgantown-based startup, was founded in 2020 by James Carnes and Kyle Gillis, both graduates of West Virginia University. The company specializes in cutting-edge technology that assists energy and industrial sectors in measuring, managing, and reducing carbon emissions. This focus on sustainability aligns with global efforts to combat climate change.
As a young company, Iconic Air has achieved significant recognition, notably being featured in the Forbes 30 Under 30 list in 2020. The company was the first investment by the Country Roads Angel Network (CRAN), which has supported its growth with substantial funding and mentorship. The recent acquisition by Japanese climate tech firm Asuene represents a pivotal milestone for Iconic Air, highlighting its potential for global impact.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview in West Virginia
The climate technology sector in West Virginia is emerging as a vital part of the state's economic landscape. With an increasing emphasis on sustainability, local startups are
Similar Deals
Pacifico Energy K.K. → Banshu solar power project
2020
Asuene
invested in
Iconic Air
in 2025
in a Other deal