A North Carolina-based modular building company plans to construct 15 factories across the country during the coming decade. Vantem, which was founded in 2020, recently received Series-A funding from Breakthrough Energy Ventures, Quadrant Management and TEM Capital, allowing the startup to expand in the U.S.
Vantem is a construction technology company that has developed panel technology designed to make modular building construction easier and faster. Vantem’s system has been deployed in over three million square feet of living space internationally, including Uruguay, Brazil, Bolivia, Chile, Colombia and the Caribbean. Each of its U.S. factories will be able to produce 1 million square feet of homes annually, according to Vantem.
“We are excited to have the support of investors who share in our goal of meeting affordable housing needs while reducing energy and carbon emissions impacts,” said Vantem CEO Chris Anderson. “Construction in this sector has seen the least amount of innovation and productivity gains and is one of the greatest direct and indirect sources of carbon emissions. At the same time, affordable housing is a global need that must be addressed, but if we build with traditional methods, we will solve one problem only to worsen another. At Vantem, we are committed to addressing both challenges on a global scale.”
Vantem establishes its factories as joint ventures with developers who are looking to reduce costs, construction time, and the carbon footprint of their developments, including building affordable net-zero energy structures.
“Vantem’s approach allows the production of high-efficiency and net-zero homes at extremely competitive costs and low embodied carbon,” said Carmichael Roberts of Breakthrough Energy Ventures. “With their proven track record in South America and the Caribbean, we’re confident that the Vantem team can scale their modular approach to ensure homes everywhere can be energy efficient.”
Vantem says its panel system is suited for a wide range of regions and climates, including extreme hot and cold, wet tropical, dry desert, high hurricane and seismic zones. Made from refractory materials, the system is also fire resistant.
