Mon. Jun 17th, 2024
Planboo Secured $1.1M in Funding to Expand Biochar Production Through MRV Technology

In 2020, Planboo was established as a carbon removal company with a focus on tracking and expanding biochar production in the Tropics. Recently, the company reached a significant milestone by successfully closing its latest funding round, raising over $1.1 million. The funding round was supported by investors like Katapult, Silverstrand Capital, Rockstart, Imaginal Seeds, and 8+ Ventures who demonstrated confidence in Planboo’s mission.

Planboo’s approach to biochar production involves utilizing digital MRV technology to transparently monitor the entire 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 dMRV tool facilitates 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 in the form of an IoT Greenbox to automate data collection from biochar production, enabling real-time verification of carbon credits from any location.

Investors like 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.

By Aiden Nguyen

As a content writer at newscholarly.com, I delve into the realms of storytelling with the power of words. With a knack for research and a passion for crafting compelling narratives, I strive to bring forth engaging and informative articles for our readers. From decoding complex concepts to unraveling current events, I aim to captivate and educate through the art of writing. Join me on this journey as we explore the ever-evolving landscape of news and knowledge together.

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