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 like Ford or Tesla build one car per minute. Isn’t it time we do that for houses?
Boxabl tech will make that possible.
We are now seeking to raise $1.07 billion dollars to build the worlds largest and most advanced housing factory to make upscale housing affordable for everyone.
($500m Reg D equity, $500m debt, $70m Reg A+)
Our Reg A+ Offering has been qualified which allows us to sell shares in the company to the general public. That means everyone can now invest! In the future we intend to go public through IPO, SPAC, or direct listing.
I believe boxabl have huge potential across the globe not only as a low cost factory built home but also as innovative durable weather proof homes.This is also suitable housing during natural calamities ,student housing ,military camps to mention a few.I can understand that Capital needed is huge to set up factory and boxabl shall start franchising soon.Prebooked customer feedback will have big impact if not delivered on time.So I request to commit what you can deliver on time and ensure 100% customer satisfaction.Even one nagative comment can impact.Working towards 100% automation are also very vital for healthy growth.I hope Boxabl will come up with more designs and stacked ones downthe road.Rest all factors are promising.Boxabl is going to be the Tesla of housing . If my risk potential was more should have invested more!
We founded Boxabl in 2017 and have invested over $2,000,000 of our own money into engineering and research to develop what we believe is the world's greatest building system.
Boxabl is a new way to build housing that's better, faster, lower cost and can help solve the housing crisis.
Our first product is a 20' x 20' pre-fab studio apartment that unfolds from a shipping container size. It is fully finished in the factory, this means kitchen, bathroom, electric, HVAC and everything else. We can install it in any customer's backyard in about an hour.
It's a great time for our 20x20 product because California laws have recently changed to create a booming market for accessory dwelling units.
After the Casita is rolled out successfully we will introduce different sized room modules that 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.
We have leased ~173,000 sq ft of factory space in Las Vegas and turning on a plant that produces 3000-5000 of these Casitas per year.
Our flagship product is called the Casita. It's our smallest room module, 20x20, fitted out as a studio apartment. Although it has many use cases, our market focus is backyard houses in California.
The Casita is expected to ship to California for $50,000 including delivery. It can be set up in someone's backyard in less than a day. The product includes washer, dryer, fridge, stove, bathroom, kitchen, electric, HVAC and more. It is turnkey, 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.
The product doesn't end at the Casita, we have engineered an entire building system where different sized room modules stack and connect to create any building type on the planet.
Backyard accessory dwelling units (ADU) are increasing in popularity, demand for these types of buildings is skyrocketing in California and other places. This is due to new laws that make the permitting process easier and faster, and allows these buildings to be built in more places.
We have received interest from customers for Casitas that will far exceed our ability to supply product for the next several years.
Our initial orders from the federal government indicate to us that a large part of our demand could come from the federal government to supply FEMA, the military, HUD and more.
Beyond the ADU market, is general building construction. The planned Boxabl building system should be able to construct almost any building type. 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.
We have partnered with Porsche Consulting, a Subsidiary of Porsche AG, to build houses the way Porsche builds cars. That means leveraging 80+ years of Porsche manufacturing expertise and over 600+ professionals to set up a Boxabl factory using automation, robotics, and assembly line principles. In October 2020 we spent two weeks at our Vegas facility with Porsche. They reviewed all our factory plans, made recommendations on our labor needs, factory layouts, timed processes down to the minute and more. They are our trusted advisors to guide Boxabl and all future Boxabl factory partners.
Many groups from across the globe have reached out to us and said, “Boxabl is a perfect solution for a huge need it my market, can we have a factory”. We told them yes. Our plan is to scale worldwide using a “partner factory model” We will take our branding, quality control, intellectual property, custom equipment, custom raw materials plus more and share it with partners who will start their own factories around the world.
The partners will bring their capital, labor and local market knowledge to setup and operate closely monitored factories. The Boxabl mothership in Nevada will continue to grow and develop upgrades to the product and manufacturing process and share this with our partners on an ongoing basis. This means we can scale worldwide FAST.
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 90% of buildings are still built one at a time, by hand, in the field.
After we solved the shipping problem, we moved on to the building materials used and the manufacturing processes. Since we are building in a factory, we don't have to do it using old stick frame methods. Our new design allows for rapid production, we have dramatically less components, everything is pre cut and shaped using computer controlled equipment, our whole factory has been planned to be upgraded with robot arms and other automation, our factory process is modeled after automobile manufacturing principles which represent the most advanced modern manufacturing processes. We have solved a massive amount of problems from manufacturing all the way to installation of the buildings.
What we have created are not simply finished buildings. Although our rooms are fully finished in the factory. We have created a system where we mass produce standardized room modules that stack and connect in the field. These are architecturally neutral universal building blocks where 90% of the heavy lifting is done by Boxabl and the builder can combine them to create endless combinations of buildings. If the builder chooses, they can add decks, architectural finishings and different roof pitches. The possibilities are endless.
This is so important because we get to mass produce the same rooms in a few sizes and internal configurations. Efficient factories thrive on repeatability, they can't build custom. But because our system stacks, connects and more, we get endless building types. The best of both worlds.
An industrial designer and mechanical engineer Paolo holds over 150 patent filings which have generated more than $1billion in retail sales. He has funded Boxabl to date through his intellectual property investment company 500 Group.
Galiano is an entrepreneur who has founded several successful startups. Including a cryptocurrency exchange and ATM network which acts as a custodian for customer funds with an annual trade volume in excess of $10m.
Kyle is the senior engineer leading development of the Boxabl technology. A graduate in Engineering from Stonybrook University he holds over 20 civil engineering and automotive mechanical patents. Kyle comes from a family construction business.