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About Air Company
Industries
Energy
Social Impact
Company Size
51-200
Company Stage
Series B
Total Funding
$104.6M
Headquarters
New York City, New York
Founded
2017
Overview
AIR Company focuses on tackling climate change by converting carbon dioxide (CO2) into renewable resources through its AIRMADE System. This system captures CO2 from the atmosphere and transforms it into useful products, helping to reduce reliance on fossil fuels and combat global warming. Unlike many competitors, AIR Company specifically targets industries such as aviation, manufacturing, and energy, which are known for high pollution levels, providing them with sustainable alternatives. The company's goal is to create a sustainable cycle of resource utilization while supporting businesses in lowering their carbon footprints.
Simplify's Take
What believers are saying
- Recent $69M funding round boosts financial resources for scaling operations and R&D.
- Partnership with Air Canada enhances opportunities in sustainable aviation fuel development.
- Growing interest in SAF aligns with Air Company's focus on CO2-derived fuels.
What critics are saying
- Increased competition from companies like LanzaTech and Neste in the SAF market.
- Potential regulatory challenges as governments develop carbon capture technology standards.
- Dependence on airline partnerships, which may not yield expected results.
What makes Air Company unique
- Air Company uses patented technology to convert CO2 into carbon-negative products.
- Their AIRMADE System offers a unique solution to reduce reliance on fossil fuels.
- The company has won numerous awards, highlighting its innovative approach to carbon utilization.
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Funding
Total Funding
$104.6M
Above
Industry Average
Funded Over
3 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Health Savings Account/Flexible Spending Account
Short-Term Disability Insurance
Long-Term Disability Insurance
Life Insurance
Flexible Paid Time Off
Paid Family Leave
401(k) Retirement Plan
401(k) Company Match
Commuter Benefits
Pet Insurance
Employee Wellness Program
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 5%2 year growth
↑ 2%AIR COMPANY closes $69M Series B funding round led by Avfuel.
AIR COMPANY, a carbon conversion technology company, today announced it has raised $69M in Series B funding to advance its technology, promote energy
The company recently announced that top senior marketing executive Andrew McKechnie has joined AIR COMPANY as Head of Marketing.
The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.The reader should not assume that the information is accurate and complete.
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!. The US Air Force has been pushing the sustainable aviation fuel envelope since the early 2000s, with mixed results. Apparently they are tired of messing around, because they have just conferred official X-plane status on a new green aircraft demonstration project aimed at slashing fuel consumption by 30%. Spearheaded by Boeing and NASA, the new project is the first Air Force designated X-plane to focus on sustainability since the program first began in the 1940s. Green Aircraft Demonstration Project To Focus On Single-Aisle Fleets
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About Air Company
Industries
Energy
Social Impact
Company Size
51-200
Company Stage
Series B
Total Funding
$104.6M
Headquarters
New York City, New York
Founded
2017
Air Company is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today