EPACK Prefab, a turnkey solution provider for pre-engineered building (PEB), pre-fabricated modular structures and insulation products, has raised $20 million in its first funding round from GEF Capital Partners, a leading global private equity fund.
This infusion of capital is set to strengthen the company’s production capacity at its advanced facilities in Greater Noida, Ghiloth (Rajasthan), and Mambattu (Andhra Pradesh), which collectively have an annual production capacity of over 133,924 metric tonnes.
The company will use the funds for capex expansion and drive growth initiatives by increasing manufacturing capabilities, accelerating new product development and expanding its presence across the country. In addition, it will direct the capital to enhance research and development initiatives aimed at creating energy-efficient, prefabricated building technologies.
“This funding is a testament to our vision and the potential of prefab and PEB technologies. It reinforces our resolve to revolutionize construction practices by providing innovative, sustainable and rapid construction solutions. This milestone energizes us to set new benchmarks for the industry,” said EPACK Prefab of Managing Director Sanjay Singhania said in a statement.
Earlier, EPACK Prefab claimed to have set a new industry benchmark by constructing India’s fastest building in just 150 hours. The project was launched on November 20 at Mambattu in Andhra Pradesh.
“Modular construction technologies play a key role in the decarbonization of the construction sector with a low GHG footprint and high climate resilience. We are excited to partner with EPACK Prefab in their efforts to catalyze sustainable practices in the construction industry through their offerings,” added Krishnan Ganesan, Managing Director, GEF Capital Partners.