Modular Firm RAD Urban Secures $28M In Financing To Grow Company, Bring Modular To Other Developers

Oakland-based RAD Urban, which purchased a factory in 2013 to support its steel-framed modular unit manufacturing, is advancing modular construction technology that can support high-rise buildings of up to 40 floors. The investment from New York-based Innovatus will give RAD Urban the financing it needs to bring its modular expertise to third-party developers and grow the company.