Planboo’s $1.1 Million Funding Round Sets Stage for Tropical Biochar Production Revolution

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

Planboo, a carbon removal company based in 2020, is on a mission to track and expand biochar production in the Tropics. Recently, the company reached 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 vision.

Planboo’s approach involves using transparent digital MRV technology to monitor the entire biochar production process. This adaptable technology can be used with different types of kilns and biomass, making it easy for projects to scale 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.

Planboo’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 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, 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 are optimistic 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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