By 2050, most of the world’s population will live in urban areas, the video says, which will equate to 3 billion more people living in cities. Modulous says its software helps create affordable housing in hours instead of months. The home kits are built offsite and assembled at the construction site. Modulous has also developed a multi-story apartment kit.
CEMEX Ventures has announced its latest investment: a digital tech startup in London that uses a modular building system to make affordable housing more scalable. The startup, Modulous, develops a software platform for modular homes. From that software, a standardized kit of parts is created, reducing the time and cost of building structures.
Modulous has received many accolades in recent years. In 2019, it was named one of the 50 Most Promising Startups in the Construction Ecosystem, it was a finalist for EG’s Placemaking Award in 2020, and was one of the winners of the 2020 CEMEX Ventures Construction Startup Competition.
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Gary Fleisher is the Managing Director and contributor for Modcoach News.
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