• Fri. May 24th, 2024

Planboo Surges Ahead with $1.1 Million in Funding for Carbon Removal through Transparent dMRV Tool

BySamantha Jones

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

Planboo, a carbon removal company founded in 2020, has achieved a significant milestone with its latest funding round that raised over $1.1 million. The company’s transparent tracking of the entire biochar production process using digital MRV technology is one of the key aspects of its approach.

Planboo’s digital Measurement, Reporting, and Verification (dMRV) tool plays a crucial role in remote tracking and auditing of biochar production and application. 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 utilizes hardware such as the IoT Greenbox to automate data collection from biochar production, enabling 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

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

Leave a Reply