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

Planboo, a carbon removal company founded in 2020, has recently achieved a significant milestone by raising over $1.1 million in funding from investors such as Katapult, Silverstrand Capital, Rockstart, Imaginal Seeds, and 8+ Ventures. The company’s focus is on tracking and scaling biochar production in the Tropics.

One of Planboo’s key approaches is its transparent tracking of the entire biochar production process using digital MRV technology. 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.

Planboo’s investment demonstrates the confidence that investors have in the company’s strategy for unlocking biochar carbon removal credits from remote tropical regions. The digital Measurement, Reporting, and Verification (dMRV) tool played 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.

By Aiden Johnson

As a content writer at newspoip.com, I have a passion for crafting engaging and informative articles that captivate readers. With a keen eye for detail and a knack for storytelling, I strive to deliver content that not only informs but also entertains. My goal is to create compelling narratives that resonate with our audience and keep them coming back for more. Whether I'm delving into the latest news topics or exploring in-depth features, I am dedicated to producing high-quality content that informs, inspires, and sparks curiosity.

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