Amazon makes first investment in a homebuilder, backing start-up focused on prefabricated houses
Published 1:00 PM ET Tue, 25 Sept 2018
Amazon said it's funding homebuilding start-up Plant Prefab, marking its first investment in the space.
Plant Prefab builds prefabricated, custom single- and multifamily homes.
The investment follows Amazon's launch of more than a dozen new smart home devices powered by Alexa.
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.