On track to be the biggest raise in StartEngine history... but is it justified? Many people have been kicking themselves ...
Opportunity
Factory promised,
factory delivered
In 2020, we started raising money from investors to build a new type of house factory. We did just that; and now we are shipping houses.
We have proven our ability to execute. Now we want to take things to the next level.
Most car factories can build one car per minute. Isn’t it time we do that for houses?
Our tech will make that possible. Boxabl is now planning to take our housing revolution to the next level.
We are now seeking to raise $1.07B to build the world's largest and most advanced housing factory to make upscale housing affordable for everyone.
($500M Reg D equity, $500M debt, $70M Reg A+)
Concept
A new way to build housing that's better, faster, and lower cost
Our first innovation was solving the shipping problem. If you can't ship a product easily and affordably then it doesn't make sense to build it in a factory. This is one reason why modular construction has failed to gain market share and why most buildings are still built one at a time, by hand, in the field. Boxabl buildings fold up to ship highway legal, enabling massive scaling of factory built housing.
We re-engineered the rooms. We picked all new building materials and manufacturing equipment that will enable us to mass produce housing by following best-in-class automobile methods.
Boxabl's different sized room modules can stack and connect to build almost any building, almost anywhere on the planet. We think our product is a solution for a large portion of the worldwide housing market. This includes, multi family, single family residential, disaster relief, military, workforce housing, and much more.
Product
A better building
by every metric
Boxabl's first and flagship product, the Casita, is a mass produced, 20' x 20' pre-fab studio apartment that unfolds from a shipping container size. We can install it in any customer's backyard in less than a day. The product is fully finished in the factory and includes washer, dryer, fridge, stove, bathroom, kitchen, electric, HVAC, and more. It is turnkey and ready to go, just add your bed and couch.
The Boxabl Casita should be more durable, energy efficient, higher quality and more upscale than traditional buildings. All our testing indicated these are stronger, safer, and more sustainable buildings.
Traction
Our first customer is the US federal government
After our video showcasing our Casita product went viral on Twitter, we received over 4,000 paid deposits from customers and 90,000 no-deposit Casita reservations.
We also have 2 purchase orders from the federal government totaling over $9M.
Since our inception we have filed 40+ patents, creating a strong and defensible IP.
Customers
We will provide anyone, anywhere with quick and affordable housing solutions
Our products were built to solve the housing crisis in the US. However, they also have many use cases including disaster relief, military, multi-family, residential, hospital units, and more. Our customizable building blocks mean that we also appeal to developers looking for affordable ways to build multi-family apartments in a fast and affordable way.
Business model
Creating housing at a price that can’t be ignored
Nothing left from old building methods. All new: materials, engineering, equipment, scale, automation, shipping and SOLUTIONS.
Market
We think we can build any building type, anywhere on the planet
But we are starting with a 20x20 studio apartment
Popularity and demand for backyard accessory dwelling units (ADU) is skyrocketing in California and other places. Recent changes in zoning laws have made the permitting process easier and faster, allowing these buildings to be built in more places.
Beyond the ADU market, is general building construction. The planned Boxabl building system should be able to construct almost any building type almost anywhere on the planet. This means in the future our potential total attainable market size is very large. Today, most buildings are built by hand, one at a time, in the field. We hope that our building system can change this and bring building construction into the factory.
Vision and strategy
Our vision is to solve the world's housing crisis
by rapidly producing buildings on a massive scale
Creating housing is slow and expensive. Boxabl has the technology to rapidly produce housing at a speed and cost that can change the world. We are starting BIG with a massive, 4-acre factory that is on track to produce thousands of housing units.
If most car factories can build one car per minute, why does it take a single family home 7 months to be built?
Founders
"I can't think of a larger market to disrupt or a product with a bigger potential upside. We can change housing on a scale the world has never seen. "
-Galiano Tiramani, Boxabl Founder.
"We want to rebuild the entire world with Boxabl. We think the system can produce any building type anywhere on the planet."
-Paolo Tiramani, Boxabl Founder
Disclaimer
Risks of early stage investment. Not an offer to buy or sell securities. This is a long-term speculative illiquid investment. Investment is not FDIC or SiPC insured. You may lose money.
Your investment is binding and irrevocable, although we reserve the right to reject it for any reason or no reason at all. Funds committed will remain in an escrow account maintained by Prime Trust, LLC until such time as a closing occurs. We will not be issuing share certificates; your investment will be solely recorded in book-entry electronic form by KoreConX, our transfer agent. Securities offered through OpenDeal Broker LLC, a registered broker dealer, member of FINRA (www.finra.org), member of SIPC (www.sipc.org). We will pay OpenDeal Broker LLC, a registered broker-dealer, a cash commission equal to 5% of the amount raised through the Republic Platform for aggregate investments up to $1,000,000, and 4% of the amount raised over $1,000,000. We have also agreed to pay a 1% securities commission, plus certain offering costs. Please review OpenDeal Broker LLC’s Form CRS. OpenDeal Broker LLC may require additional documents or information from you to complete your purchase, you will be contacted by a registered representative in this event.
An offering statement relating to Boxabl Inc.’s non-voting SeriesA-2 Preferred Stock has been filed with the Securities and Exchange Commission and became qualified on March 31, 2022. Prior to making any investment in Boxabl Inc.’s non-voting Series A-2 Preferred Stock, you should review a copy of the offering circular, or contact Boxabl Inc. by phone at (510) 698-2462. No offer to sell any securities, and no solicitation of an offer to buy any securities, is being made in any jurisdiction in which such offer, sale or solicitation would not be permitted by applicable law.