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Plant Prefab

Prefab Tech
Segments:
Single-family residential units, Multifamily residential units
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Product stage:
Growth
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Plant Prefab offers fully customized single-family and multifamily prefab homes that are constructed sustainably. The company headquarters is in Rialto, California, which includes a factory, with a second one opened in Ontario, California in July 2021. The company ships throughout the US. Unlike most other companies, Plant does not have pre-designed layouts; instead, they develop houses designed by outside architects, using their patented “Plant Building System” (PBS). This system uses specialized materials and modules in different possible combinations to ensure sustainability. This flexibility helps develop efficient and durable buildings with optimized thermal performance while using fewer labor hours and less material waste compared to stick-built homes. More than 90% of a Plant Prefab house is completed at the factory, minimizing on-site work. The company had completed 100 buildings by August 2021.

The company has two partnerships: 1) with UK-based prefab manufacturer Koto (entered in April 2020) to create net-zero energy houses, inclusive of efficient heating and cooling systems, energy monitoring, energy-efficient lighting, etc. and 2) with architecture firm Richard Pedranti Architect (RPA) (entered in January 2021) to introduce houses that comply with standards set out by Passive House International and the Passive House Institute US that focus on sustainability and occupier health. These houses are also built to generate net-zero energy as well as include smart home technology and energy monitoring systems.

The company raised USD 30 million in Series B funding in August 2021 led by Asahi Kasei Corporation (which owns one of Japan’s largest homebuilders), Paris Ventures, and Amazon Alexa Fund. The funds were to be used to build a third factory, which was expected to be fully automated to serve as a central production hub through the western US. The 270,000 square feet (sq ft) facility which began construction in December 2021 is scheduled to be opened in January 2023.

Key stats
Featured companies
53
Total funding (USD)
1.7 Bn
Total addressable market (USD)
362.0 Bn
Key competitors
 
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Product Overview
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Product Metrics
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Company profile
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Recent Updates

Funding
Dec 6, 2022
Plant Prefab raises USD 42 million in fresh funding
Prefab Tech
Management news
Sep 27, 2022
Plant Prefab appoints Agustin Rayon as Chief Operating Officer
Prefab Tech
Geographic expansion
Funding
Aug 2, 2021
Plant Prefab raises USD 30 million in Series B funding; opens second factory in California
Prefab Tech

Company Brief


HQ location:
375 S Cactus Ave Rialto CA USA
Founded year:
2016
Employees:
101-250
Total Funding:
USD 94.6 million
Last Funding
USD 44.0 million, Jan 2023

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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