A London-based construction technology company that is aiming to help developers and construction firms build modular housing without capital intensive factories has raised £10million of Series A funding to further grow its physical and digital technologies.
Modulous – with a world class team from the likes of Microsoft, Google, Katerra, Ramboll, 3i, WeWork, Rolls Royce and Netflix – has developed a software platform that aims to solve major pain points across the three core areas of the homebuilding process. The digitisation of design will enable the developer to navigate the antiquated planning process more quickly and with substantially less risk. It will also create a more collaborative process between the planning stakeholders, reducing the chance of the process becoming adversarial.
Chris Bone, CEO at Modulous, said: "Building energy efficient, affordable housing without the waste and carbon footprint that accompanies traditional construction has never been more critical. Modular delivery is really the only way the housing crisis can be resolved, but, for many, the upfront capital investment has held back the industry's ability to scale."
Modulous has created an integrated digital and physical product suite of modular technologies that make the whole construction cycle, from feasibility right through to delivery on-site, more efficient, cost effective, and transparent. Its software platform generates optimised schemes based on a proprietary Kit of Parts, which is manufactured within the supply chain, removing the need for dedicated factories with the associated capital cost.
This BOPAS-accredited Kit of Parts rationalises all the components that are needed to build homes into a series of fully engineered elements, including wall panels and floor cassettes. These high-performance, Fabric First, sub-assemblies are net zero-ready and near zero waste and are designed for ease of assembly local to the final site.
Liam Poole, Head of Marketing at Knauf UK & Ireland added: "We came on board as an early supply-chain partner because Modulous has built an inspired solution to some of the biggest pain points in construction and development. Their technology removes many of the inefficiencies which, for too long, have stifled innovation, and better promotes demonstratable decarbonised design and build. The future of construction is changing, the UK Government, through its purchasing power are driving Modern Methods of Construction (MMC) such as offsite/modular to help improve safety, improved productivity, quality and sustainability. Our values."
Source: www.modulous.com
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