New Delhi, December 23, 2024: EPACK Prefab, a leader in pre-engineered buildings (PEB), prefabricated modular structures, and insulation products, has announced raising $20 million in its inaugural funding round led by GEF Capital Partners, a prominent global private equity fund.
Advancing Sustainability in Modular Construction
This funding underscores EPACK Prefab’s commitment to sustainability, leveraging modular construction technologies with a significantly lower carbon footprint compared to traditional methods. These technologies ensure higher design efficiency, minimal wastage, and the use of recyclable materials, aligning with global decarbonization goals in the construction industry.
Boosting Manufacturing and R&D Capabilities
The capital infusion will enhance EPACK Prefab’s manufacturing capacity across its advanced facilities in Greater Noida, Ghiloth (Rajasthan), and Mambattu (Andhra Pradesh). Collectively, these units have an annual production capacity of over 133,924 metric tonnes.
The funds will be allocated to:
- Capex Expansion: Strengthening production capabilities.
- Innovation: Accelerating new product development and enhancing research and development initiatives focused on energy-efficient prefabricated construction technologies.
- Market Expansion: Increasing presence across India and exploring international opportunities.
A Record of Excellence
EPACK Prefab has already set industry benchmarks, constructing India’s fastest building in just 150 hours. With thousands of successful projects, the company has built a reputation for high-quality manufacturing, innovative design, timely execution, and robust project management expertise.
Leadership Comments
Sanjay Singhania, Managing Director of EPACK Prefab, stated, “This funding is a testament to our vision and the transformative potential of prefabrication and PEB technologies. It propels us to set new benchmarks in the industry by delivering innovative, sustainable, and rapid building solutions.”
Nikhel Bothra, Executive Director, added, “With the support of GEF Capital Partners, we are poised to lead the transition towards sustainable construction practices, investing further in cutting-edge technologies and expanding our footprint while maintaining a strong focus on sustainability.”
Krishnan Ganesan, Managing Director at GEF Capital Partners, remarked, “Modular construction technologies are pivotal to decarbonizing the construction sector due to their lower GHG emissions and climate resilience. We are excited to partner with EPACK Prefab in their efforts to drive sustainable practices in the industry.”
The Future of Modular Construction
With this funding, EPACK Prefab is set to revolutionize the construction industry, offering sustainable and efficient building solutions while expanding its presence both domestically and internationally. The company’s advancements in prefabricated construction technology position it as a key player in the global shift toward sustainable construction practices.
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