Green Construction
homeD Modular is addressing the critical shortage of affordable housing by providing innovative, high-performance modular housing solutions. They specialize in utilizing their proprietary BoxPod technology to enable rapid, scalable construction of energy-efficient homes. This approach not only reduces building times and costs, but also ensures that the homes are environmentally friendly. The North Vancouver startup is committed to transforming the housing market by making sustainable living accessible to a broader range of people, helping developers and communities meet the growing demand for affordable housing.
homeD’s core product is the BoxPod—a customizable, prefabricated modular building component designed to revolutionize the construction of affordable homes. These BoxPods can be quickly assembled on-site, significantly cutting down on construction time and labour costs. This system allows for efficient scaling of housing projects, catering to various architectural and community needs while maintaining high energy efficiency and durability. In addition to the BoxPods, homeD Modular provides project management and consulting services, guiding developers and communities through the process of implementing these modular solutions effectively, from design to completion. Their services aim to streamline the construction process, making sustainable and affordable housing more accessible and adaptable.
Sustainable Scaling
homeD Modular has made significant strides in the sustainable housing market, establishing strong partnerships with non-profit and Indigenous organisations, as well as private developers. These collaborations have led to a $3.99 million contract and letters of intent totaling over $100 million, reflecting the widespread confidence in the startup’s innovative approach. The approval of their BoxPod design by BC Housing and progress towards obtaining building permits for their pilot project further validates their product and success.
Building on this momentum, homeD Modular is focused on scaling their BoxPod technology to address the increasing demand for sustainable and affordable housing. They plan to deepen their market presence by expanding partnerships across non-profit, Indigenous, and private sectors. Their growth strategy includes securing additional funding, exploring new markets — especially in areas with acute housing shortages — and continuously improving their product line to meet evolving customer needs and environmental standards. By enhancing their operational capabilities and technological offerings, homeD Modular aims to solidify their position as an industry leader in sustainable housing.
Ready to Raise
homeD is poised to expand its geographical reach with a funding round that will accelerate its innovative approach to housing. Unlike traditional building methods, homeD embraces high-performance construction that evolves seamlessly, integrating proven materials and technologies into a simple, sensible, and affordable building process. This approach is designed to be so straightforward that even a layperson can construct a home, breaking the mould of complex, costly, and time-consuming construction.
While homeD’s unique blend of technology, construction, and social entrepreneurship doesn’t fit neatly into traditional investment categories, this has not deterred the company. Instead, it has made them more determined to find investors who truly resonate with their vision. homeD is confident in connecting with those who share their commitment to affordable, sustainable housing that benefits both people and the planet.
Entering the 2024 New Ventures BC Competition offers homeD Modular a strategic opportunity to overcome these fundraising challenges. The competition provides a platform to showcase their innovative solutions in sustainable housing and connect with industry leaders and potential investors who are committed to fostering impactful innovations. By going deep in the competition, the cleantech startup hopes to gain valuable exposure, feedback, and access to a network that can help them refine their strategies and expand their reach. The competition experience is a crucial step towards achieving greater impact and accelerating their mission to make sustainable, affordable housing universally accessible.
About the Founders
Michele Tung, CEO
Fun Fact: Michele’s first car was a 1980s Firebird (Knight Rider model).
Frank Christiaens, Chairman
Fun Fact: Frank brought the first 2 ADSL broadband modems into Asia, and used them to convince Korea Telecom to build the first major broadband internet network.
James Law, Architect
Fun Fact: James is a member of the Royal Institute of Architects and has received many international awards such as the Edison Award for Innovation and the CNBC World Architecture Award.
Company Cheatsheet:
City: North Vancouver
Founded: 2021
Sector: Modular Construction
