Construction Startup Tvasta Raises Funding To Build 3D Printed Homes

Asia's Tech News Daily

Habitat for Humanity International through its Shelter Venture Fund recently invested INR 30 million ($411,000) in Tvasta Manufacturing Solutions Ltd. to increase the production of affordable 3D printed homes in India. Hestia Partners and Capnetic Investments joined Habitat in investing in the construction technology startup.

Construction Startup Tvasta Raises Funding To Build 3D Printed Homes

Tvasta

Habitat’s investment in Tvasta builds on a multi-year collaboration, beginning when the company was one of seven startups to participate in Habitat’s ShelterTech India accelerator program in 2018. ShelterTech accelerators bridge the gap between housing innovation and real-world impact.

3D printed construction technology offers the potential for faster, more cost-efficient, and resilient housing in high-income countries as well as emerging markets. Construction of Tvasta’s first 3D printed home, completed in late-2020, generated less waste and was completed faster than traditional methods.

“The pandemic has only exacerbated the affordable housing crisis, with rising demand as well as material costs. Through the Shelter Venture Fund, Habitat is helping ensure that the most promising, disruptive technologies achieve scale, expanding affordable housing markets to reach more low-income families in need of reliable housing,” said Patrick Kelley, vice president, Habitat’s Terwilliger Center for Innovation in Shelter.

According to UN-Habitat, an estimated 1.6 billion people lack adequate housing today, with global demand for affordable housing growing by 4000 units every hour. In order to reach more low-income households, Tvasta is working with the Government of India through its Pradhan Mantri Awas Yojana (Housing for All) initiative, which aims to build 20 million urban and rural homes for low-income families by 2022.

Habitat’s Terwilliger Center for Innovation in Shelter launched the Shelter Venture Fund in 2017 to invest in shelter entrepreneurs operating in the pioneer gap – where early-stage companies are often considered too new or too risky for conventional venture capital firms. The intent is to accelerate those entrepreneurs’ pathways to reaching low-income families with products and services that improve their housing conditions.

To date, the Shelter Venture Fund has invested a total of $3 million in 11 startups with disruptive and innovative products and services.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

A Hedge Fund Manager's Guide To Arbitrage Trading

Trading has become more popular with a wider cross-section of people in recent years, as brokerage firms have become more accessible and cost-efficient to everyday investors. Most brokerage firms have ... Read more »

The Cooper Companies (COO) Q4 Earnings Lag Estimates

The Cooper Companies (COO) came out with quarterly earnings of $3.28 per share, missing the Zacks Consensus Estimate of $3.37 per share. This compares to earnings of $3.16 per share ... Read more »

Yext (YEXT) Reports Q3 Loss, Tops Revenue Estimates

Yext (YEXT) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to loss of $0.02 per share ... Read more »

Ollie's Bargain Outlet (OLLI) Q3 Earnings and Revenues Miss Estimates

Ollie’s Bargain Outlet (OLLI) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.65 per share ... Read more »

Verint Systems (VRNT) Beats Q3 Earnings and Revenue Estimates

Verint Systems (VRNT) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $1.02 per share a ... Read more »

Can't Keep Up? 4 Best Practices to Simplify Your Small Business

As a small-business owner, the demands on your time are constant. Even if you don’t have a family to consider outside of work hours, you wear multiple hats at all ... Read more »

Tilly's (TLYS) Tops Q3 Earnings and Revenue Estimates

Tilly’s (TLYS) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.07 per share a year ... Read more »

Domo (DOMO) Reports Q3 Loss, Tops Revenue Estimates

Domo (DOMO) came out with a quarterly loss of $0.32 per share versus the Zacks Consensus Estimate of a loss of $0.35. This compares to loss of $0.40 per share ... Read more »

DocuSign (DOCU) Q3 Earnings and Revenues Top Estimates

DocuSign (DOCU) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.22 per share a year ... Read more »

Corning (GLW) Outpaces Stock Market Gains: What You Should Know

Corning (GLW) closed the most recent trading day at $37.53, moving +1.85% from the previous trading session. This move outpaced the S&P 500’s daily gain of 1.42%. At the same ... Read more »

Asana, Inc. (ASAN) Reports Q3 Loss, Tops Revenue Estimates

Asana, Inc. (ASAN) came out with a quarterly loss of $0.23 per share versus the Zacks Consensus Estimate of a loss of $0.26. This compares to loss of $0.34 per ... Read more »

Marvell Technology (MRVL) Tops Q3 Earnings and Revenue Estimates

Marvell Technology (MRVL) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.25 per share a ... Read more »

Tax Exemptions, Benefits And Implications That Every Startup In India Should Be Aware Of

The Indian technological startup landscape has seen tremendous growth over the last decade with India becoming the 3rd fastest growing hub for technology startups globally. India has around 50,000 startups ... Read more »

K12 (LRN) Gains But Lags Market: What You Should Know

K12 (LRN) closed the most recent trading day at $33.48, moving +0.78% from the previous trading session. This move lagged the S&P 500’s daily gain of 1.42%. At the same ... Read more »

Ooma (OOMA) Surpasses Q3 Earnings and Revenue Estimates

Ooma (OOMA) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.13 per share a year ... Read more »

4 Reasons Why You Should Enter the Health and Wellness Industry Now

The latest research from McKinsey & Company estimates that the global value of the health and wellness market is over $1.5 trillion, with an annual five to 10 percent growth ... Read more »

How SMBs Can Attract Talent in a Tight Labor Market

Recent labor market headlines have been discouraging for employers. Daily news feeds are flooded with stories of employers urgently needing to hire workers across industries, yet job seeker interest remains ... Read more »

Here's What Video Marketers Can Learn From Lil Nas X

Social media marketing is a tricky business. It requires creating the right content, distributing it properly, building a community and staying on top of the latest trends. A lot of ... Read more »

Weekly Jobless Claims Rise Again After Touching 52-Year Low

The number of workers applying for unemployment benefits in the United States rose last week after hitting a level not seen in over 50 years the week prior, with analysts generally expecting ... Read more »

Advanced Micro Devices (AMD) Gains But Lags Market: What You Should Know

Advanced Micro Devices (AMD) closed at $150.68 in the latest trading session, marking a +1.05% move from the prior day. This move lagged the S&P 500’s daily gain of 1.42%. ... Read more »

Tesla (TSLA) Stock Sinks As Market Gains: What You Should Know

Tesla (TSLA) closed the most recent trading day at $1,084.60, moving -0.95% from the previous trading session. This move lagged the S&P 500’s daily gain of 1.42%. Elsewhere, the Dow ... Read more »

Will Omicron Stop the Market In Its Tracks?

Investors are understandably rattled by the new strain of the coronavirus that has landed on U.S. soil, especially considering the fact that this mutation is way more contagious than Delta, ... Read more »

Hologic (HOLX) Gains But Lags Market: What You Should Know

Hologic (HOLX) closed at $73.77 in the latest trading session, marking a +0.97% move from the prior day. This move lagged the S&P 500’s daily gain of 1.42%. Elsewhere, the ... Read more »

How to Identify and Launch a Subscription Model in Your Existing Business

When you think about subscription models, Amazon Prime, Netflix and Spotify may be the first that jump to mind, however, this model is by no means unique or individual anymore. ... Read more »

Twitter Users Have Been Finding Secret McDonald's Holiday Item

’Tis the season for festive drinks and desserts, as annual favorites are finding their way back onto menus at our favorite restaurants and chains. McDonald's McDonald’s is unmatched when it ... Read more »

Meta Platforms (FB) Stock Sinks As Market Gains: What You Should Know

In the latest trading session, Meta Platforms (FB) closed at $310.39, marking a -0.07% move from the previous day. This change lagged the S&P 500’s daily gain of 1.42%. Elsewhere, ... Read more »

Abbott (ABT) Gains But Lags Market: What You Should Know

Abbott (ABT) closed the most recent trading day at $128.38, moving +1.29% from the previous trading session. This move lagged the S&P 500’s daily gain of 1.42%. At the same ... Read more »

Making the Details Count

Behind the Review host and Yelp’s Small Business Expert, Emily Washcovick, shares a look at this week’s episode of the podcast. When Rob van den Blink and his friends Jerry Bock and Erhan Kostepen started DOYA, ... Read more »

Scientists create a microcamera the size of a grain of coarse salt capable of taking images with great clarity

A group of scientists from Princeton University and the University of Washington have created a microchamber that is the size of a grain of coarse salt. The quality of the ... Read more »

OKTA Incurs Loss in Q3, Subscription Revenues Increase Y/Y

Okta, Inc. OKTA reported third-quarter fiscal 2022 adjusted loss of 7 cents per share that beat the Zacks Consensus Estimate by 69.6%. The company had reported earnings of 4 cents ... Read more »

Google announces the best Android apps of 2021

Every year, Google pulls out its list of the best Android system apps that are downloaded from its Google Play Store platform. These are chosen by the editor of the ... Read more »

Ghaf Capital: How To Identify The Hottest Blockchain Projects To Invest In

The blockchain and cryptocurrency space has shattered so many of its previous records, as VC funding is currently scaling to new highs. According to CB Insights, 2021 Q3 has topped ... Read more »

How To Explain Crypto To Your Family Over Christmas Dinner

Imagine this scenario: it’s Christmas day, and you’re sitting around the dinner table with your family. You haven’t seen your family since this time last year, and you’re all done ... Read more »

Apple (AAPL) Stock Sinks As Market Gains: What You Should Know

In the latest trading session, Apple (AAPL) closed at $163.76, marking a -0.61% move from the previous day. This change lagged the S&P 500’s daily gain of 1.42%. Elsewhere, the ... Read more »

What I Learned from Growing a Brand in a Pandemic with a Nearly No Marketing Budget

 When I first started working on a business plan for my fashion project, Emilia George, someone advised me to allocate $60,000 to $100,000 on digital ads, (an amount that’s a drop in ... Read more »

GameStop (GME) Gains But Lags Market: What You Should Know

GameStop (GME) closed the most recent trading day at $181.56, moving +0.96% from the previous trading session. This move lagged the S&P 500’s daily gain of 1.42%. At the same ... Read more »

Intel (INTC) Outpaces Stock Market Gains: What You Should Know

In the latest trading session, Intel (INTC) closed at $49.50, marking a +1.85% move from the previous day. The stock outpaced the S&P 500’s daily gain of 1.42%. Elsewhere, the ... Read more »

Beware of This Type of Entrepreneur When Franchising

Entrepreneurs are a key component of franchising. Aspiring franchisors put all their finances, relationships and energy on the line in the hopes of developing the next successful brand. But when these ... Read more »

Christmas Trees Will Cost Up To 30 Percent More This Year

Christmas trees will be facing shortages this year, and the ones available will be priced higher as Americans go through an inflation-hit holiday season, along with supply chain shortages and ... Read more »

Report: Jeff Bezos' Salacious Texts Were Leaked by Mistress' Brother

The highly unsettling and borderline disturbing texts that nearly broke the internet in the wake of the Jeff Bezos cheating scandal apparently came at an exceptionally high cost. Michael M. ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic