Boxabl Has Now Raised Over $74 Million From Retail Investors

Recent rumors suggested that Musk’s primary residence was a prefab house manufactured by Boxabl. It turns out, however, that the $50,000 foldable house is actually being used as a guest house.

What is Boxabl?

Boxabl is a rapidly growing startup that has gained popularity partially thanks to Elon Musk but also because of the growing demand for tiny homes and a housing affordability crisis with no end in sight.

The company’s flagship product is the Boxabl Casita, a 20-foot by 20-foot accessory dwelling unit that can be delivered directly to a customer’s backyard and ready to occupy in an hour. The unit is fitted out as a studio apartment with a full-size kitchen, bathroom, and living room and is expected to sell for $50,000.

The company recently completed a $9.2 million order for the U.S. government and has a waitlist of over 120,000 units. To fulfill the current demand, Boxabl is raising capital from institutional and retail investors to build the world’s largest and most advanced housing factory.

Boxabl received a strategic investment from D.R. Horton Inc., who agreed to share resources to help the company scale and placed an order for 100 units. The company is also raising capital on StartEngine through a Regulation A+ offering, which allows non-accredited investors to buy preferred shares with a $1,000 minimum investment.

The current crowdfunding campaign for Boxable on StartEngine has already exceeded $19 million in addition to over $55 million that was previously raised.

CLICK HERE to read the entire Yahoo article

Share this post

Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on print

Gary Fleisher

Gary Fleisher, “The Mod Coach”, has been entrenched in the offsite construction industry for most of his life. Having started his career in the lumber industry, Gary spent decades working with manufactured and modular home producers and homebuilders. For the past 15 years his blog and LinkedIn postings have introduced thousands to the benefits of factory-built construction and have served as a forum for industry professionals to share insights and perspectives. Gary lives in Hagerstown, MD with his wife, Peg.

Recent posts