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

Planboo, a startup that was founded in 2020, is focused on scaling the production of biochar in tropical regions. The company has recently achieved a significant milestone by raising over $1.1 million through its latest funding round. This funding came 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.

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 Samantha Jones

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