Gropyus, the technology-based and fully vertically integrated construction company specialized in creating affordable and sustainable timber-hybrid buildings, announces a financing round of around Euro 100 million.
The funds from this financing round will be used for the expansion of its fully digitally operated and flexible robotic smart factory in Richen (Baden-Württemberg), further development of technologies, and realizing the company’s pipeline of construction projects.
Markus Fuhrmann, CEO and co-founder of Gropyus, says: “The climate crisis and the shortage of affordable housing are becoming increasingly acute problems. Gropyus wants to be part of the solution to these challenges — but that won’t be possible without the industrialization and automation of the construction sector. A high level of capital investment is needed to lay the foundations for this ambitious project. That’s why we are proud to be able to build on the support of our existing investors for our mission, and to have now earned the trust of additional investors. With this financing round, we have reached a total volume of over 300 million euros. We are not only driving our continued expansion, but also placing our mission on even more solid foundations now. This capital will allow us to quickly ramp up volume at our smart factory to full capacity and have several projects rolling off the production line at the same time.”
Multiple projects across Germany
As a general contractor, Gropyus is currently working on two projects in Germany. In Berlin, Gropyus is constructing an apartment building that comprises 27 apartments on behalf of BUWOG Bauträger GmbH, a subsidiary of Vonovia SE. In Immendingen, in the south of Baden-Württemberg, Gropyus is developing its first residential quarter – nine buildings with a total of 99 apartments. These two very different projects in addition to a strong pipeline underscore the versatility and market viability of the Gropyus building system.
Production capacity of more than 3,500 apartments per year
The expansion of the Gropyus plant in Richen into a highly automated and digitally integrated manufacturing site — one of its kind worldwide — is nearing completion. State-of-the-art robotics and automation solutions are key to achieving higher quality at lower cost. It’s both scalable and sustainable, thanks to carefully optimizing the use of materials. Once the expansion is completed at the end of 2024, Gropyus will be able to manufacture a wall or ceiling element in around 16 minutes – with up to 86% automation. The full annual production capacity will then total 250,000 m2 of gross floor area, equivalent to more than 3,500 apartments. All key processes are centralized at Gropyus — systems control, process definition and optimization, and mechanical engineering — meaning Gropyus can reasonably expect to be able to raise its production capacity to 300,000 m² gross floor area per year in the future.
Founded in 2019, Gropyus is a technology-based and fully vertically integrated construction company specialized in building innovative multistory residential buildings.
