California-based modular housebuilder Veev is expanding into the East Bay area of San Fransisco, subleasing over 8 football-fields worth of warehouse space from Amazon.
The company, which recently raised $400m in a Series D round, plans to scale its operations, expand construction and distribution to new markets, and accelerate R&D.
Veev is a vertically integrated building technology company taking a tech-enabled approach to building turnkey, high-quality homes.
The Veev system leverages a proprietary panelised approach to produce fully cladded walls, complete with mechanical, electrical, and plumbing.
When announcing the close of the funding round in March, Amit Haller, Veev CEO and co-founder, said: “By rethinking every element of the home, including design, materials, and the built environment, and fully integrating the homebuilding process from start to finish, we have managed to produce homes at a quality, speed, value, and sustainability that is unseen in the industry – until now.”
Veev claims that their homes can be built 4x faster than the industry standard and with 47% less CO2 emissions.
Image credit: Veev
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