The modulous design software is linked to a proprietary set of sub-assemblies – the “kit of parts” – that the company developed to meet or exceed local building standards. Customers can use the parts kit to quickly supply, assemble, and install new enclosures without a permanent factory.
Modulous, a global construction technology company that has created a scalable platform for the delivery of apartment buildings, announced that it is expanding into the United States and opening an office in the Seattle area.
Founded in London, Modulous has developed a digital design platform, proprietary parts kit and preferred supplier network to radically reduce the risks and time involved in project feasibility, design, planning, approval, construction and delivery. The company aligns the interests of key stakeholders in the construction process by working with builders and architects or by licensing its end-to-end platform to general contractors.
“With a nationwide shortage of more than 5 million homes, there has never been a greater need to accelerate housing development in the US,” said Chris Bone, co-founder and CEO of Modulous. “What makes Modulous unique is our asset-light approach. We avoid capital-intensive factories and instead focus on providing developers, architects and contractors with the information, products and processes to help them do their jobs better. We give them real-time access to the data, building components and service providers they need to develop high-quality living space at the speed and size that society requires. ”
Modulous in the US is run by four women, all of whom were senior executives at Katerra, the technology-driven, third-party construction company that fundamentally changed the construction industry. The US team is overseen by Janet Stephenson, an industry leader in construction manufacturing and former director of construction platform sales at Katerra.
“Modulous was founded on the belief that everyone should have access to a sustainable, comfortable and healthy home,” said Stephenson, who will serve as Regional Managing Director for the US. Use our technology and world-class supplier network to break the deadlock in the US housing production to break through. Instead of introducing another non-scalable construction input, we will use our platform to align incentives in the ecosystem, accelerate sustainable development and reduce price pressure on homeowners and tenants. ”
Chris Bone added, “We are very pleased that Janet and her team have chosen Modulous. They are very talented and extremely experienced professionals who will help us land and expand in the US market. The possibilities for us are huge and we couldn’t have a better team at the wheel. “
“Modulous is exactly the kind of off-site construction company that fits Blackhorn’s thesis for this sub-sector of the built environment,” says Ray Levitt, Blackhorn Ventures, the main investor behind Modulous. “They own the customers – large public or private developers of affordable housing – and they act as modular digital supply chain designers and integrators while outsourcing manufacturing assembly and installation. This enables Modulous high capital efficiency, profitability and resilience to industry cycles. Expansion into the USA is the next logical step. ”
Modulous has already used its platform to initiate several projects in the UK and the company is currently preparing its design software, parts kit and partner ecosystem for a US product launch in early 2021.
The company’s software streamlines project design and planning by generating fully developed and locally viable design solutions, detailed cost information, and accurate programs in the concept phase. In addition, the platform includes a rule-based generative design approach that enables first-class sustainability standards, as well as a reporting tool that provides investors with important information for the disclosure of climate risks and benchmarking based on ESG criteria.
The modulous design software is linked to a proprietary set of sub-assemblies – the “kit of parts” – that the company developed to meet or exceed local building standards. Customers can use the parts kit to quickly supply, assemble, and install new enclosures without a permanent factory. In addition, Modulous helps minimize customer expenses by seamlessly connecting them to the company’s network of leading product and service providers, including the multinational construction industry leaders CEMEX, Knauf and Crane Worldwide Logistics.