• Sat. May 25th, 2024

Biochar Revolution: Planboo’s Transparent Approach and $1.1 Million Funding Boost Carbon Removal Mission

BySamantha Nguyen

Mar 25, 2024
Planboo Secures $1.1M in Funding to Expand Biochar Production Using MRV Technology

In 2020, a new company called Planboo was founded with a mission to remove carbon from the atmosphere through biochar production. The company’s focus is on tracking and scaling the process in tropical regions. Recently, Planboo reached a significant milestone by closing its latest funding round, raising over $1.1 million with support from investors such as Katapult, Silverstrand Capital, Rockstart, Imaginal Seeds, and 8+ Ventures.

One of the key aspects of Planboo’s approach 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 digital Measurement, Reporting, and Verification (dMRV) tool play 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. The company 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 Samantha Nguyen

As a content writer at newsskio.com, I weave words to craft compelling narratives that captivate readers and bring stories to life. With a keen eye for detail and a passion for storytelling, I strive to create engaging and informative content that resonates with our audience. Whether I'm delving into the latest news trends or exploring unique angles on various topics, my goal is to deliver quality content that informs, entertains, and inspires. Join me on this journey as we uncover the news stories that matter most.

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