Housing technology company Intelligent City which applies automation and robotics to the design and manufacturing of prefabricated mass timber buildings, announced it has raised CAD $22 million, bringing the total capital invested in the company to $30 million.
The company will use the funding to scale operations, commercialize its Platforms for Life (P4L) building solution, grow factory automation, and expand its footprint across and beyond Canada. Earlier this year, the company completed testing of its building systems and is now verified to work within the new mass timber high-rise building codes in Canada and the U.S.
The raise includes Series A venture funding with participation by BDC Capital’s Cleantech Practice, Greensoil PropTech Ventures, UIT Growth Equity GP, Fulmer & Company, and over 30 independent investors, in combination with government programs and accelerators such as the Natural Resources Canada (NRCan) Investments in Forest Industry Transformation program (IFIT), the Sustainable Development Technology Canada (SDTC) Seed Fund, and the Next Generation Manufacturing Supercluster (NGen) Manufacturing Project Funding.
“We are focused on revolutionizing an industry that is notoriously slow to innovate while making a significant impact on our climate with lower carbon emissions from the construction and operations of buildings,” said Oliver Lang, CEO, and co-founder of Intelligent City. “By utilizing green building strategies and patented technology to deliver affordable, mass-customizable urban housing, we can help cities to adapt more quickly as the needs of people and the planet evolve.”
Intelligent City’s end-to-end, product-based approach uses proprietary parametric software for design, construction cost estimation, carbon footprint confirmation, material quantifications, and precision manufacturing. At the same time, the company’s manufacturing technology brings automation to the prefabrication of building components. As a result, the company provides data on the life cycle and performance of the building before construction even begins.
“Intelligent City’s technology is set to enable the future of the built world to be more climate-resilient by replacing emissions-intensive materials such as concrete and steel with a renewable material that naturally sequesters carbon,” said Matt Stanley, director, BDC Capital’s Cleantech Practice. “We are excited to support the team to accelerate the development and scale-up of its mass timber building system and advanced offsite manufacturing capabilities.”
In combination with mass timber construction, Intelligent City utilizes the energy-efficiency standards of Passive House design to achieve a 90 percent carbon emissions reduction in its buildings. This concept uses building science principles to attain specific energy efficiency and comfort levels. It includes continuous insulation and air-tight seals, high-performing windows and doors, balanced heat- and moisture-recovery ventilation, and minimal space conditioning throughout the entire building.
“By making effective use of Canada’s forest resources through low-carbon building systems, Canada is becoming a world leader in sustainable wood construction practices, increasing energy efficiency and climate resilience in our communities while simultaneously enhancing the global competitiveness of our forestry, wood manufacturing and construction sectors,” said Minister of Natural Resources Jonathan Wilkinson. “That’s why our government is pleased to support projects like this one—to help lower emissions, create good jobs for workers and build better neighborhoods for everyone.”
Featured image: (Intelligent City)