Planboo Secures $1.1M in Funding to Expand Biochar Production Using MRV Technology

Planboo’s Innovative Approach to Tracking Biochar Production Lands $1.1 Million in Funding from Leading Investors

In 2020, Planboo was founded with the goal of tracking and scaling biochar production in tropical regions. Recently, the company reached a significant milestone by raising over $1.1 million in funding from investors such as Katapult, Silverstrand Capital, Rockstart, Imaginal Seeds, and 8+ Ventures.

One of the key aspects of Planboo’s approach is its use of digital MRV technology to transparently track the entire biochar production process. This technology is designed to be flexible and adaptable to different types of kilns and biomass, making it easier for projects to scale up in various tropical locations simultaneously.

The recent investment in Planboo demonstrates the confidence that investors have in the company’s strategy for unlocking biochar carbon removal credits from remote tropical regions. Planboo’s dMRV tool plays a crucial role in remote tracking and auditing of biochar production and application, reducing tracking time, minimizing human error, and ensuring transparency in the supply chain.

In addition to its digital MRV technology, Planboo also utilizes hardware such as the IoT Greenbox to automate data collection from biochar production. This enables real-time verification of carbon credits from anywhere, further enhancing transparency and accountability.

With a mission to remove 1 billion tonnes of CO2 by 2050, Planboo is paving the way for sustainable carbon removal practices in the biochar sector. Investors like Katapult VC and Imaginal Seeds have expressed their support for Planboo’s efforts to drive innovation and make a positive impact in the global biochar market.

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