Mighty Buildings
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Mighty Buildings to use Honeywell technology to 3D print homes
Mighty Buildings, a 3D printing construction technology provider, is set to use Honeywell Solstice Liquid Blowing Agent (LBA) as a key component in the material it uses to build 3D printed homes. Honeywell’s low-global warming potential (GWP) technology will replace traditional foam insulation – helping Mighty Buildings reduce emissions and produce strong, energy-efficient building panels. Honeywell offers aerospace, building automation, performance materials and technologies, and safety and productivity solutions, and this collaboration is the alignment of its portfolio to three powerful megatrends, including the energy transition.
The 3D printed panels developed using Solstice LBA will be manufactured at Mighty Buildings’ production facility in Monterrey, Mexico. The facility currently has capacity to print enough panels for two homes per day, and Mighty Building’s total construction time for a 3D printed home is often less than a week. Once complete, these homes require less energy for heating and cooling than those built with other commonly used blowing agents due to Solstice LBA’s ability to provide better thermal insulation.
Mighty Buildings raises $52 million in funding
Mighty Buildings, a leader in 3D printing construction technology known for its prefabricated, environmentally-friendly, and climate-resilient homes, has raised $52 million in funding – demonstrating strong investor confidence in Mighty Buildings’ innovative offsite 3D printing construction technology. The round was co-led by Wa’ed Ventures, the $500 million innovation-focused venture capital fund backed by Saudi Aramco, and by BOLD Capital Partners, a US disruption and transformation-focused venture firm.
The funding is earmarked to accelerate development and scale production of new homes for the US market, where new home demand continues to increase, as well as to establish manufacturing operations in Saudi Arabia and the United Arab Emirates, two of the largest and fastest growing construction markets in the world. The addition of operations in the Gulf region aligns with Mighty Buildings’ strategy to transform housing construction while addressing sustainability, climate resilience, and the global housing shortage.