Mighty Buildings raises $100 million to make carbon-neutral, 3D-printed construction a reality

Construction technology company Mighty Buildings (Oakland, Calif., U.S.) has raised an additional $22 million to accelerate the company’s carbon neutrality roadmap, with a total of $100 million secured funding to date. The company announced on July 13 that it is moving towards a low carbon and sustainable future and has committed to net-zero by 2028, 22 years ahead of the construction industry. 

With sustainability as the main focus in Mighty Buildings’ engineering, design and material selection — including the use of large-format 3D printing, advanced materials and automation — the company says it will be able to accelerate its carbon neutrality roadmap, which includes building high-throughput sustainable micro-factories, strategic supply chain partnerships, accelerating blue skies technology research and development of new composite materials produced from recycled or bio-based feedstock.

“As a founding team, we have been long passionate about solving productivity for construction in a sustainable way. We have spent four years figuring out what it takes to achieve that. We believe that we have a master plan now that can work,” says co-founder and CEO, Slava Solonitsyn.

Mighty Buildings’ longer-term vision is to use a combination of 3D printing, robotics and advanced composite materials, paired with the latest in design thinking and strong supply chain partnerships, to create a network of micro Mighty factories. Such facilities would reportedly produce 200-300 homes per year in locations where housing gaps exist, creating sustainable housing options quickly, locally and at scale.

Currently, Mighty Buildings homes are designed with sustainability in mind, from a 3D-printing construction process that eliminates 95% of construction waste, to the zero-net energy finished product. On-site renewables and climate control technologies further reduce the environmental impact of Mighty Buildings homes, key features for both the occupants of the homes and the surrounding communities.

“Between the pandemic, corporate relocation and expansion and broader market trends, the housing situation in some localities is quite strained,” says Alexey Dubov, co-founder and COO of Mighty Buildings. “That’s why we’re reaching out to developers and cities across the country to help assess and allay some of those difficulties. We hope the initial investment will serve as a model for the ways in which we as a society can address some of the urgent challenges we face.”