![]() ![]() But modular housing promises much more than simply enabling builders to erect houses more quickly and cheaply - it’s also partly about addressing climate concerns by making the building process more efficient and trackable. Elsewhere in the U.S., both Cover and Abodu have raised sizable investments over the past year to advance their modular housing businesses, while London-based TopHat secured £75 million ($87.5 million) from Goldman Sachs.Ĭollectively, these companies go some way toward addressing the housing shortage by using technology to modernize a sector that is often regarded as one of the least efficient and digitally-averse industries. Modular and prefabricated housing startups have emerged as a notable trend in the construction tech space, with the likes of Veev recently closing a $400 million funding round in the U.S. “This enables our delivery partners to lease space on a temporary basis close to the final site and to use local labour to assemble the Kit into volumetric modules at a fraction of the cost of setting up a dedicated manufacturing facility.” Prefabs sprout “Our distributed assembly process is enabled by the degree of engineering that has gone into our Kit of Parts, pushing manufacturing complexity upstream to our supply chain partners,” a Modulous spokesperson told TechCrunch. On top of that, this also allows companies to hire workers locally. The upshot of all this is that companies simply have to lease a temporary assembly space close to a building site, rather than paying for the upkeep of a permanent factory that may be miles away from where a build is taking place. And it also helps everyone involved in a housing project establish the technical feasibility of a proposed development in a matter of hours, rather than weeks. ![]() Rather than having to set up costly factories in remote locations, its supply chain partners deliver “sub-assemblies” to facilities close to the building site.įor planners, Modulous produces 3D visualizations and detailed costings up front, giving everyone real-time data on their return on investments (ROI). SPROUT STUDIO FULLthe full 3D shape and form) specific to each building site, and is based on its proprietary “kit of parts” which are standardized components procured from the construction supply chain and brought together to create buildings.įor the construction phase, the kit of parts enables developers to produce large multi-tenant apartment blocks with minimal up-front investment. SPROUT STUDIO SOFTWAREThe software generates optimized designs and “massing” (i.e. Modulous’s “end-to-end” platform spans all the core areas that constitute the home-building process, including architecture and design. The platform also promises to help circumvent the typically antiquated and fragmented construction processes using software-based logistics orchestration, ensuring that all the parts and components arrive at the right time, in the right order. Modulous aims to address this through a software platform that automates the design, cost and programming of modular homes, while saving its customers from having to set up a physical factory - this is among the most capital-intensive elements of off-site housing development. On top of that, houses aren’t being built quickly enough, with an estimated shortfall of at least 4 million homes in England and 5 million in the U.S. ![]() SPROUT STUDIO SERIESstartup that makes it easier for housing developers, architects and construction firms to configure and design modular homes to address the ongoing housing crisis, has raised £10 million ($11.7 million) in a Series A round of funding.įounded out of London in 2018, Modulous said that it’s seeking to tackle a global housing shortage that could impact some 1.6 billion people by 2025, as house-price growth continues to outpace income growth. ![]()
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