Venture Capital: Mighty Buildings, Which Makes Sustainable 3D-Printed Homes, Scores $22M Raise
Mighty Buildings aims for “net-zero” construction by 2028, 22 years ahead of the industry.
Mighty Buildings , which aims for sustainable buildings construction that address the housing shortage, has raised an additional $22 million in its Series B funding round. Taken with the previous raise of $40 million in February this year, Mighty now has $100 million of capital under its belt since its founding in 2017. (Composites World)
Carbon-neutral, 3-D printed homes
Mighty uses production methods and materials focused on cutting out emissions from the entire process of building a house. Yet its houses are claimed to be beautiful, sustainable and affordable.
The firm 3D-prints its houses in a factory before shipping them out for installation. The proprietary extrusion-based 3D-printing technology results in almost zero waste and cuts out 1,100-2,000 kg of CO2 emissions per 3D printed home.
Another advantage is speed of delivery. The company claims to print a typical house twice as quickly with 95% less labour hours.
It uses a material that is lighter, can be handled by robotic arms and has high thermal insulation properties.
The company can therefore produce prefab housing with up to 80% automation.
On July 13 Mighty announced its commitment to a low carbon and sustainable future and net-zero emissions by 2028. That would be 22 years ahead of the construction industry.
“As a founding team, we have been long passionate about solving productivity for construction in a sustainable way. We have spent four years figuring out what it takes to achieve that. We believe that we have a master plan now that can work,” says co-founder and CEO, Slava Solonitsyn.
The firm offers two collections of 3D-printed homes: Mighty Mods and Mighty Houses. These collections include seven move-in ready models suitable for different lot sizes, lifestyles, and budgets.
Mighty Mods start at $187,250, while Mighty Houses start at $221,750.
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