VASO Global, a construction technology company developing modular homes from recycled glass composite panels, has secured more than £5 million in funding to expand manufacturing and accelerate commercial deployment. The financing includes investment from PXN Ventures, Scottish Enterprise, Innovate UK Loans, ECO Group, and previous support from South of Scotland Enterprise.
The funding will help develop a new 60,000-square-foot manufacturing facility in Dumfries, create up to 70 jobs over five years, and support market expansion.
Sustainable Solution for Housing
VASO Global converts waste glass into structural composite panels for low-carbon, energy-efficient modular homes. By combining digital design, industrial manufacturing, and semi-autonomous construction, the company aims to reduce construction times while addressing housing shortages and supporting the circular economy.
The technology is already being considered for community housing projects in Scotland through collaborations with universities, architects, and housing organizations.
“We want to thank all those who have seen the potential in our technology. The latest investment from PXN Ventures and Scottish Enterprise, along with all our other funders, accelerates our journey to deliver a product which can genuinely reshape how homes are delivered - cleaner, faster and with far less waste.
We would like to also thank Professor Sean Smith at the University of Edinburgh for his reports and expert support, funded by the UKRI Centre for Net Zero High Density Buildings, which has helped underpin VASO’s plans and products to reach this stage of our development,” said Eddie Black, Co-Founder and Managing Director of VASO Global.
Backing Low-Carbon Construction
Investors believe the company's technology can help modernize construction while supporting sustainable housing and regional economic growth.
“At PXN we back companies solving real problems, and the UK's housing shortage is about as real as they get, which is why we're proud to back Eddie and the team as they scale a genuinely sustainable way to build not just houses but other essential buildings. On top of supporting local jobs and opportunities, VASO Global’s recycled composite panels enable builders to build far faster than traditional methods, with the company expecting to cut construction time from 33 weeks to 10 on an upcoming project in Scotland,” said Tom Croy, Investment Director at PXN Ventures.