Planboo Secures $1.1 Million in Funding to Expand Biochar Production in Tropical Regions

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

Planboo, a carbon removal company founded in 2020, is focused on tracking and expanding the production of biochar in tropical regions. Recently, the company achieved a significant milestone by successfully closing its latest funding round, raising over $1.1 million. Investors such as Katapult, Silverstrand Capital, Rockstart, Imaginal Seeds, and 8+ Ventures supported the funding round, demonstrating confidence in Planboo’s mission.

Planboo’s approach involves monitoring the entire biochar production process through its digital Measurement, Reporting, and Verification (dMRV) technology. 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 dMRV tool facilitates remote tracking and auditing of biochar production and application on the ground. It saves time on tracking and minimizes human errors while ensuring transparency in the supply chain. Additionally, Planboo utilizes hardware such as an IoT Greenbox to automate data collection from biochar production sites. This enables 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 dMRV 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.

In summary, Planboo is a carbon removal company focused on expanding biochar production in tropical regions through transparent monitoring using its digital dMRV technology. The recent funding round has raised over $1.1 million with support from investors who are confident in Planboo’s ability to unlock carbon removal credits from remote regions

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