🦄 Unicorner Startup of the Week: Noya

✍️ Notes from the Editors

Wow. What a wild week.

Nearly a dozen events, hundreds of people, and a Unicorner coffee hour later, we can easily say that this was an LA Tech Week for the books. We’ve added some highlights from our week below.

Want some live snippets from our week? Follow us on Twitter for more.

- Ethan and Arek 🦄

Reach your net zero goals

Noya deploys Direct Air Capture (DAC) technology to remove excess carbon dioxide from the atmosphere to store and use. It partners with renewable energy developers, carbon dioxide storage companies, and carbon dioxide utilization companies to deploy its DAC modules and sell carbon removal credits (carbon that has been removed from the atmosphere) to customers who want to achieve net zero emissions.

🔗 Check it out: noya.co

💰 Business Model

Noya works directly with companies to distribute its carbon removal credits to companies that need carbon (manufacturing, fuel, soft drinks).

📈 Traction and Fundraising

👫 Founders

💼 Opportunities

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🔮 Our Analysis

In a world grappling with the climate crisis, Noya is approaching the sector with a more efficient method of Direct Air Capture technology, meant to remove carbon dioxide from the atmosphere. Forgoing the expensive and energy-guzzling machinery of traditional DAC, the company has found an innovative way to leverage existing power plants and industrial cooling towers. Its more efficient technology makes it cost-effective to transform carbon dioxide into a resource for industries like synthetic fuels and carbonated beverages. Noya is also pioneering a carbon removal credits market, offering a cheaper opportunity for businesses and individuals to offset their emissions. This market opens the door for a scalable solution to combat excess carbon dioxide. It plans to open up a first commercial pilot for its product later this year. Noya is not just changing the carbon capture industry, but reshaping the approach to combating climate change, allowing us to envision a more sustainable and carbon-neutral future.

📚 Further Reading

Written by Jeremy Baum

📖 Weekly Read Recommendation

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