Amazon makes first investment in a home builder, backing start-up focused on prefabricated houses
- 27 Sep, 2018
Amazon invest 6.7 Million into Prefabricated houses!
Amazon has made clear that it wants to own the smart home space. Now the company's going a step further, taking a stake in a start-up that's building actual homes.
On Tuesday, Amazon said its Alexa Fund invested in Plant Prefab, a Southern California company that says it uses sustainable construction processes and materials to build prefabricated custom single- and multifamily houses. The start-up is aiming to use automation to build homes faster and bring down costs. — CNBC
The above image shows a custom LivingHomes-designed house by Plant Prefab in Los Angeles, California. Image via Plant Prefab on Facebook.
These are new waters for Amazon.
The investment marks a new market that amazon is tapping into.The move comes less than a week after Amazon launched more than a dozen Alexa-powered smart home devices, including a microwave oven and an amplifier that can be controlled by the Alexa voice assistant. Amazon is also in work of creating a secretive home robot with the door bell company they acquired earlier this year.