As part of the new funding round, PT Blink and Holland Partner Group are also teaming up on a range of projects in the US, starting with an eight-storey apartment complex in Seattle.
Its technology is also going to be used in a $200 million development in Santa Barbara.
Locally, it’s being used on a few small projects in Tasmania.
“The idea came to me after 35 years of learning how to design to build. I hadn’t learnt how to design to manufacture, and that was a fundamental thing,” Ellen said.
“Lean manufacturing processes like what Toyota do have nearly zero waste…. and [so I thought] why can’t we manufacture buildings in this way.”
The funding raised will go toward software development and signing up manufacturers in the US and Australia.
Holland Partner Group CEO Clyde Holland said PT Blink’s technology was particularly appealing in the growing build-to-rent space.
“We have accomplished transaction values of more than US$20 billion and today have nearly 20,000 units under management and in the construction process,” he said.
“The ability to capture the quality PT Blink brings to the construction process and the long-term benefits of capital expense reduction opens many possibilities for investors seeking ongoing above-index returns.”
