Prefab construction startup Vantem plans 15 U.S. factories

2022-07-18T15:50:00-04:00

The company, which just raised a Series A round of investment from the Bill Gates-founded firm Breakthrough Energy Ventures, builds homes using panels with a proprietary design that sandwiches an insulating layer between two structural boards.

Vantem announced it would use the recent funding from Breakthrough Energy Ventures, Quadrant Management, and TEM Capital to build 15 factories for prefabricated modular housing units across the U.S. by 2029. According to the company, its proprietary panel system has already been deployed in over three million square feet of residential space globally, including Uruguay, Brazil, Bolivia, Chile, Colombia, and the Caribbean.

"Affordable housing is a global need that must be addressed," said Vantem CEO Chris Anderson, adding, "but if we build with traditional methods, we will solve one problem only to worsen another."

One year after ambitious construction startup Katerra went belly up, the market for modular, prefabricated construction is getting increasingly crowded with several players seeking to establish early dominance and disrupt the conventional model, including Vancouver-based ...

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Prefab construction startup Vantem plans 15 U.S. factories