nHouse, a new modular housing brand designed by architect Richard Hywel Evans, has successfully secured its £495,000 equity crowdfunding campaign target on Crowdcube. The company launched the funding round last month and sought the funds in order to finish its prototype and secure its global intellectual property rights.
As previously reported, each of the company’s houses use ‘Grand Designs’ styling to offer a tech enabled feature rich, green and spacious rival to poorly designed kit houses and space restricted new builds. The nHouse revealed that it aims to form part of the solution to the UK’s housing problem and is in talks with major developers to supply thousands of homes over the next five years. At the time of the campaign’s launch, founder Hywel Evans stated:
“Thanks to the advent of new materials like Cross Laminated Timber, new technology and the support of the banks in providing mortgages this sector has now reached a tipping point. From my desk, I can use my computer to instantly instruct precision saws in a house building factory to cut wooden house panels to within a millimetre of my exact requirements. That simply isn’t possibly on a building site. If the Japanese can make 140,000 homes a year, just for the city of Tokyo this way, then there is absolutely no reason we can’t boost UK home building.”
Recently, the nHouse team announced it has formed a partnership with fellow Crowdcube funded company, Powervault. The company revealed that collaboration will see Powervault supply smart batteries in all its homes sold in the UK from 2018. Joe Warren, Managing Director of Powervault, stated:
“nHouse are a natural partner for us with their exciting and innovative product offering and we are delighted to be working with them.”
The Crowdcube round is set to close later this month.
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