Search

Philippine Startup Giant Expands to 14th Country

Philippine Startup Giant Expands to 14th Country
Revolution Precrafted houses and pavilion © DealStreetAsia

Revolution Precrafted, the first startup in the Philippines to be valued at over $1 billion, is entering its 14th country by bringing its prefabricated luxury homes to Cyprus. The 2.5 years old unicorn has made luxury homes designed by renowned architects affordable by adopting prefabrication technology. It has now signed an agreement with local retail and property conglomerate Cyprus Trading to supply residential units, holiday villas and glamping accommodation at golf resorts and hillside villages in the cities of Nicosia, Limassol and Paphos.

A prefab hotel | revolution precrafted
A prefab hotel | revolution precrafted

 

The startup has one of the largest global footprints among its peers in Southeast Asia. Among the more than $7.36 billion orders it has received since its founding in December 2015 are a $3.2 billion partnership to build hotels and apartments for Dubai's The World Islands, a $1.2 billion project to supply low-cost housing in Myanmar and a $300 million franchise agreement for more than 1,000 homes in Caribbean nations.

Precrafted homes | revolution precrafted
Precrafted homes | revolution precrafted

 

The latest Cyprus deal, its second in Europe after one in Spain, brings it another step closer to its target of selling to 25 countries by the end of 2018, 55 by 2019 and 85 by 2020.

"I want to be Uber, I want to be Airbnb. I want to be everywhere," Revolution Precrafted founder and Chief Executive Robbie Antonio said in a recent interview with the Nikkei Asian Review. "We didn't want to be just a regional player. We want to be a truly global player and the technology allows us to do that."

Sails house | revolution precrafted
Sails house | revolution precrafted

 

Revolution Precrafted's properties include homes, pavilions, holiday villas and retail spaces. Pre-built in factories in sections, they can be shipped anywhere in the world to be assembled on site.

The roughly 85 pre-designed properties that it offers are mastered by more than 70 artists including the late award-winning British architect Zaha Hadid, British designer Tom Dixon and U.S. rock star Lenny Kravitz.

Modular home | revolution precrafted
Modular home | revolution precrafted

 

The standardized designs and prefab concept has kept prices low. "Our cheapest homes come at $10,000 for 23 square meters," Antonio said.

Units are only manufactured after they have been ordered which means the company holds no inventories. Shipping fees are paid by clients. Revolution Precrafted's main costs are fees it pays to its designers and the cost of manufacturing which can be lowered by adopting robotics.

Robbie Antonio | intellegentcollector.com
Robbie Antonio | intellegentcollector.com

 

"I want to essentially have hyper growth, hyper profits and [be] asset-light," Antonio said. "Look at Uber, Airbnb. They are all global and they are all asset-light."

Source : Nikkei Asian Review | Revolutionprecrafted.com | Tech in Asia

Akhyari Hananto

I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to More understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia. I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine. I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan" I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy Less
View all posts

Thank you for reading until here