Terraton raised an $11.5 million seed round to scale biochar through a franchise-style, business-in-a-box approach, backed by Lowercarbon Capital, Gigascale Capital, ANA Holdings, East Japan Railway Company funds, and angels including Jeff Dean and Bret Taylor. The company aims to help partners build repeatable biochar facilities, then clone those facilities across many operators while providing a SaaS platform to run plants, measure and verify carbon credits, and sell those credits to large corporate buyers. Biochar is produced by burning plant waste in the absence of oxygen to create a soil-amending carbon sink, but current supply cannot meet buyer demand.
Terraton recently raised a $11.5 million seed round for it's "business-in-a-box" approach to biochar project development, the company exclusively told TechCrunch.
"Most biochar facilities, people have only ever built one," said Greg D'Alesandre, co-founder of Terraton. "They've never learned and progressed."
"The science is settled. It's reliable and delivered today. It's at a good price. But the problem is it's supply constrained. There's not enough of it to go around," co-founder and CEO Kevin Gibbs told TechCrunch. "When we talk to the big buyers like Microsoft, Google, Airbus - those sort of companies - they want to buy more, and they can't find more places to buy"
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