Breaking Ground: Planboo Secures $1.1 Million in Funding for Tropical Biochar Production

Planboo Secured $1.1M in Funding to Expand Biochar Production Through MRV Technology

Planboo, a carbon removal company founded in 2020, is dedicated to monitoring and expanding biochar production in the Tropics. Recently, the company achieved a significant milestone by successfully closing its latest funding round, raising over $1.1 million. Backing this funding round were investors such as Katapult, Silverstrand Capital, Rockstart, Imaginal Seeds, and 8+ Ventures, demonstrating their confidence in Planboo’s mission.

Planboo’s approach involves utilizing transparent digital MRV technology to monitor the entire biochar production process. This technology is adaptable to different types of kilns and biomass, making it easier for projects to be scaled up in various tropical locations simultaneously. The investment in Planboo reflects trust in the company’s ability to unlock biochar carbon removal credits from remote tropical regions.

The company’s digital Measurement, Reporting, and Verification (dMRV) tool allows for remote tracking and auditing of biochar production and application on the ground. This tool saves time on tracking, minimizes human errors and ensures transparency in the supply chain. Additionally, Planboo utilizes hardware such as an IoT Greenbox to automate data collection from biochar production sites, enabling real-time verification of carbon credits from any location.

Investors such as Carl Strøm Walton from Katapult VC and Ann Goh from Imaginal Seeds have expressed optimism about Planboo’s potential in the Artisan Biochar space. They believe that Planboo’s MRV technologies will help decentralize biochar production processes and allow more farmers to benefit from the emerging biochar carbon credit market. With a mission to remove 1 billion tonnes of CO2 by 2050, Planboo is determined to be a leader in the biochar industry.

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