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.
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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
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