By now, there are several companies working in the field of 3D printed construction, offering giant 3D printers capable of laying down foundations and walls faster than human hands can manage. One of the first to make a name for itself, though, was Apis Cor, a startup with offices in Russia and San Francisco. The Apis Cor 3D printer was introduced with the claim that it could 3D print entire houses in a single day – and, as it turns out, it can. Apis Cor has been involved in some notable 3D printed construction projects, and this week the company got some good news as private equity fund Rusnano Sistema Sicar announced its intention to invest up to $6 million in the startup.
Rusnano Sistema Sicar is a private equity fund established by joint-stock financial corporations Sistema and RUSNANO. Each company holds 50% of the fund, which is open to outside investors. It will be focused on investing in companies in Russia, the CIS, Europe and Israel – particularly in technological fields such as information technology, robotics and on-board equipment, software and cloud technologies, communication equipment and end-to-end solutions, renewable energy and energy-saving technologies, microelectronics, automated control systems, special communications systems, and software for comprehensive security systems.
Apis Cor falls into a couple of those categories with its mobile robotic 3D printer. What really stands out about the Apis Cor printer – other than its ability to 3D print houses, of course – is its compactness, making it easy to transport from site to site in one piece. Apis Cor was established with the goal of making 3D printed construction not only doable, but convenient, and the effectiveness of its system has become evident as it enters its active commercial growth phase.
“3D printing has enormous potential for the construction industry, with a projected share of up to 30% of the global low-rise cottages market, which is valued at USD 68bn,” said Sergey Durgach, CEO of Sistema Consult, a company acting as an investment adviser to Rusnano Sistema Sicar. “Rusnano Sistema Sicar’s investment philosophy is to support established or emerging champions in the segment of industrial and high technologies. With its first and as yet unrivalled solution capable of successfully outperforming conventional technologies, Apis Cor has the potential to become a leader in the 3D construction industry and claim first-mover premium in this fast-growing market.”
Apis Cor’s 3D printing technology can be used to build houses up to three stories high, and is faster, cheaper and easier, as well as more environmentally friendly, than traditional technologies. The company has potential customers all around the world, including in Russia, Asia and the Middle East, which have state programs for the construction of social low-rise housing and infrastructure, as well as in the United States and Europe. Apis Cor plans to have several dozen 3D printers in operation by the end of 2018, and expects revenue next year to reach tens of millions of dollars. The company’s technology is expected to make cottage construction 19% cheaper compared to foam concrete houses as early as next year, too, with possible further cost reduction of 20 to 30%.
“We are pleased that Apis Cor has become our fund’s first investment,” said Sergey Vakhterov, Managing Director of RUSNANO. “The company is a pioneer in the 3D printing industry and its technology has no peers on the global stage. Apis Cor’s solution makes the construction process cheaper and drastically changes the entire industry. We are seeking to work with innovative companies that require not only financing, but also the experience and resources offered by investors such as RUSNANO and Sistema.”
Discuss this and other 3D printing topics at 3DPrintBoard.com, or share your thoughts below.
You May Also Like
Stratasys Announces First Carbon Fiber 3D Printing Filament for F123
Stratasys has introduced a new carbon fiber material for fused deposition modeling (FDM). While the company has had a carbon fiber filament available on their industrial printers for several years,...
Stratasys Doubles Down on SLA, Buys Industrial SLA 3D Printer Maker RPS
Not long after completing its acquisition of Origin last month, Stratasys (NASDAQ: SSYS) announced that it has acquired U.K.-based industrial stereolithography (SLA) printer and solutions provider RP Support Ltd. (RPS)....
3D Printing Provider Fathom Acquires Injection Molding Firm
With more than 100 large-platform industrial-grade 3D printers, as well as services including CNC machining, injection molding, and urethane casting, Fathom is one of the biggest on-demand digital manufacturing platforms...
Sandvik & Co. Acquire Dental and Medical 3D Printing Firm Proxera
My dad has a Sandvik saw blade. It’s a great tool that has lasted many years. Now, Sandvik saws are owned by Snap-On. The rest of Sandvik has grown into...
View our broad assortment of in house and third party products.