Modulous, the global construction technology company that has created a scalable platform for the delivery of safe, sustainable and healthy multifamily homes, is expanding to the United States and is opening an office in the Seattle, Washington region. Founded in London by construction industry, business and technology leaders, Modulous has developed a digital design platform, proprietary kit of parts and preferred supplier network to radically reduce the risks and time associated with project feasibility, design, planning, permitting, construction and delivery, the company said. The company aligns the interests of key stakeholders in the construction process by partnering with developers 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 U.S.,” said Modulous Co-Founder and CEO Chris Bone. “What makes Modulous unique is our asset-light approach. Avoiding capital-intensive factories, we instead focus on empowering developers, architects, and contractors with the information, products, and processes to do their jobs better. We give them real-time access to the data, building components and service providers they need to develop high-quality housing at the speed and scale that society requires.”
Modulous in the U.S. is led by four women who were all senior staff at Katerra, the technology-driven, offsite construction firm that had a transformational impact on the construction industry. Overseeing the U.S. team is Janet Stephenson, an industry leader in the productization of construction and the former head of building platform sales at Katerra.
“Modulous was founded on the belief that everyone should have access to sustainable, comfortable, and healthy homes,” said Stephenson, who will serve as Regional Managing Director, U.S. “I am pleased to join the Modulous team because I see a unique opportunity to leverage our technology and world-class supplier network to break the logjam in U.S. housing production. Rather than introducing another construction input that cannot scale, we will use our platform to align incentives in the ecosystem, accelerate sustainable development, and reduce the pricing pressure on homeowners and renters.”
