What is Crate Modular?
CRATE Modular specializes in transforming single-use shipping containers into modular buildings for various sectors, including multifamily housing, supportive housing, education, and residential construction. Since its inception two years ago, the company has deployed over 2018 modules, accounting for more than 500,000 square feet of built space. CRATE Modular's innovative approach streamlines the development cycle, offering a faster, more efficient, and less wasteful alternative to conventional site-built construction, while also producing robust and durable structures. Manufacturing operations are based in Los Angeles, with modules delivered ready for installation.
How much funding has Crate Modular raised?
Crate Modular has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in Crate Modular
PPP
Public-Private Partnership
What's next for Crate Modular?
With substantial late-stage funding and a recent strategic investment, CRATE Modular is poised for significant scaling and market penetration. The company's focus on sustainable and efficient construction methods, coupled with its proven track record of delivering modular solutions, positions it favorably to capitalize on the growing demand for innovative building technologies. Future growth is likely to involve expanding manufacturing capacity, enhancing product offerings, and potentially exploring new market segments or geographical regions. This capital infusion will be critical in solidifying its industry leadership and driving further advancements in modular construction.
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