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Planboo Surpasses $1.1 Million in Funding, Revolutionizing Tropical Biochar Production with Innovative MRV Technology

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

Planboo Surpasses $1.1 Million in Funding, Revolutionizing Tropical Biochar Production with Innovative MRV Technology

In 2020, Planboo was established with a mission to track and expand biochar production in the Tropics. The company has recently achieved a significant milestone by closing its latest funding round, raising over $1.1 million. This demonstrates the confidence of investors such as Katapult, Silverstrand Capital, Rockstart, Imaginal Seeds, and 8+ Ventures in Planboo’s mission.

Planboo’s approach involves transparently monitoring the entire biochar production process through its digital MRV 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.

Planboo utilizes hardware in the form of an IoT Greenbox to automate data collection from biochar production, enabling real-time verification of carbon credits from any location. Additionally, their digital Measurement, Reporting, and Verification (dMRV) tool facilitates 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.

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 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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