Company Research Report: Noya PBC

Company Overview

Name

Noya PBC

Mission

To accelerate the world’s transition to carbon negativity.

Founded

2020

Founders

• Josh Santos (CEO)

• Daniel Cavero (CTO)

Key People

• Josh Santos: Co-Founder/CEO. Background in electric vehicle product development at Harley-Davidson, Tesla, and Labdoor. Holds a B.S. in Chemical Engineering from MIT.

• Daniel Cavero: Co-Founder/CTO. Experience in AI/Robotics at Nod Labs and designing fuselage components at rLoop. Holds a B.S. and M.S. in Mechanical Engineering from San Diego State University.

Headquarters

Oakland, California

Number of Employees

No information is available.

Revenue

No information is available.

Notable Achievements

Noya is known for developing a scalable, cost-effective Direct Air Capture (DAC) approach using abundant, low-cost materials.

Products

Carbon Removal Solutions

Noya offers a unique Direct Air Capture solution that enables companies to purchase high-quality carbon removal credits.

High-level Description

Direct Air Capture (DAC) technology that removes CO2 from the atmosphere. The captured CO2 can then be stored permanently.

Key Features

• Energy-efficient: Modular design minimizes energy waste.

• Cost-effective: Utilizes affordable, readily available sorbent materials.

• Flexible Siting: Can be built nearly anywhere, allowing partnerships with optimal locations.

• Innovative Capture Chemistry: Novel sorbents optimized for carbon capture.

• Permanent Removal: CO2 removal on a timescale of 1,000+ years.

• Verified and Transparent: Operations are reviewed by third-party auditors for verification and transparency.

Recent Developments

New Products

• Carbon Removal Credits: High-quality, verified DAC-based carbon credits available for purchase.

New Features

• Modular Design: System designed for scalability and cost reduction.

• Monitoring, Reporting, and Verification (MRV): Comprehensive MRV system under development for transparency and accountability.

Partnerships

• Shopify: Selected Noya for its Sustainability Fund.

• Watershed: Collaborations for purchasing carbon removal credits.

Funding

• Series A Funding: Raised $11M to accelerate carbon removal deployment.

Media Mentions

• The Success Of One Company Could Just Lead The U.S. To Become Carbon Negative Relatively Quickly: Highlighted Noya's potential impact.

• Shopify Puts Up Cash for Rooftop Carbon-Capture Machines, Tree-Planting Drones: Coverage on Noya's innovative solutions.

Conclusion

Noya PBC is making significant strides in the carbon removal industry with their scalable and cost-effective DAC technology. Their collaborations with industry leaders and recent funding rounds position them well for future growth and impact in combating climate change.