Industry

Habitat for Humanity International invests Rs 30 million in Tvasta Manufacturing


Habitat for Humanity International through its Shelter Venture Fund has invested Rs 30 million ($411,000) in Tvasta Manufacturing Solutions Ltd. to increase production of affordable 3D printed homes in India.

Habitat’s investment in Tvasta builds on a multi-year collaboration, beginning when the company was one of seven startups to participate in Habitat’s ShelterTech India accelerator program in 2018. ShelterTech accelerators bridge the gap between housing innovation and real-world impact.

3D printed construction technology offers the potential for faster, more cost-efficient and resilient housing in high-income countries as well as emerging markets. Construction of Tvasta’s first 3D printed home, completed in late-2020, generated less waste and was completed faster than traditional methods.

“The pandemic has only exacerbated the affordable housing crisis, with rising demand as well as material costs. Through the Shelter Venture Fund, Habitat is helping ensure that the most promising, disruptive technologies achieve scale, expanding affordable housing markets to reach more low-income families in need of reliable housing,” said Patrick Kelley, vice president of Habitat’s Terwilliger Center for Innovation in Shelter.

According to UN-Habitat, an estimated 1.6 billion people lack adequate housing today, with global demand for affordable housing growing by 4000 units every hour. In order to reach more low-income households, Tvasta is working with the Government of India through its “Pradhan Mantri Awas Yojana” (Housing for All) initiative, which aims to build 20 million urban and rural homes for low-income families by 2022.



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