Boxabl

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Location
Canada
Website
boxabl.com/

Company Description

Factory promised, factory delivered.In 2020 we started raising money from investors to build a new type of house factory, and we did just that. We turned on Factory-1 and Factory-2 in record time… and now we have shipped hundreds of houses.We have proven our ability to execute, and now we want to take things to the next level by building a “Boxzilla Factory” the world's largest and most advanced housing factory.Most car factories like Ford or Tesla build one car per minute. Isn’t it time we do that for houses?Boxabl technology can make that possible. We are now seeking to raise $1 billion dollars to make upscale housing affordable for everyone.Our traction160,000+ people reserved Casitas representing over $9bn in potential revenue.Factory-1 operational and shipping houses!Factory-2 is built and we are moving in…A building system that goes far beyond Casita… Our room module system will be able to build most building types on most of the planet. Think legos that stack and connect to build single-family or apartment buildings and much more.Raised over $150m total from 40,000+ investors to fund factory expansion.Huge social impact, potential to improve the quality of life for billions of people.Guided by Volkswagen Group's Porsche Consulting Inc. for the design and implementation of Boxabl’s new factorySystem protected by 63 patent filings and growing.Potential to disrupt a massive and outdated trillion dollar building construction market, starting with the rapidly growing USA Accessory Dwelling Unit market.Completed production of initial order to deliver 156 houses to the United States Military.Strategic partnership with the largest home builder in the USA DR Horton, includes investment, pilot order, and other support.Currently in planning stages for the BOXZILLA factory… this is planned to be the largest and most advanced house factory in the world.Why investors love us“I believe Boxabl has huge potential across the globe not only as a low-cost factory-built home but also as an innovative, durable weather-proof home. This is also suitable housing during natural calamities, student housing, and military camps to mention a few. I can understand that the Capital needed is huge to set up a factory and Boxabl shall start franchising soon. Prebooked customer feedback will have big impact if not delivered on time. So I request you to commit to 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 down the road. Rest all factors are promising. Boxabl is going to be the Tesla of housing. If my risk potential was more, I should have invested more!”Deepu DharmarajanWe have created the only building system that's compatible with scalable factory mass production.We are going to bring the world's last big pre-factory product into the factory, where it belongs.OverviewWe 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'sbetter, 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 lawshave 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 thatstack and connect to build almost any buildingalmost 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.In October 2021 we turned on production at Factory-1, as of December 2022 we have produced 300 houses and continue to ramp up. Factory-2 is also open and we are in the planning stages for the “Boxzilla Factory.”Isn’t it time we build houses the way we build everything else?The CasitaThe Casita can be set up in someone's backyard in less than a day. It can also be used to make multi-story apartments, workforce housing, affordable housing, military housing, and more. The product includes a 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.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 most building types on the planet.Our mission is to mass-produce massive quantities of upscale, low-cost housing on a worldwide scale.MarketBackyard 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 products 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.The ultimate vision for our Boxabl building system is to mass produce a system of room modules in different sizes (20x20, 20x30, 20x40, 20x60), with different interior configurations (kitchen box, bathroom box, bedroom box, living room box etc) These room modules would be stacked and connected to create most building types like an apartment or single family. These universal building boxes would get the heavy lifting done for the developer. Their build time would be dramatically shortened and costs lowered.Partnership with Porsche ConsultingWe 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. Porsche 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.Worldwide ScalingMany groups from across the globe have reached out to us and said, “Boxabl is a perfect solution for a huge need in 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 set up 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.The TechnologyOur 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.The “Boxzilla” factoryNow that we have proven the basics in our first factory we seek to SCALE. Boxabl makes sense because our shipping solution enables scaled factory mass production. We are now planning to build the worlds largest and most advanced factory. If we get our way, this factory will be millions of square feet and produce tens of thousands of room modules. This goes far beyond Casita and includes a full building system that can build most residential building types. Use of funds for our $1b capital raise is to setup this factory. We think this kind of scale can push costs down to a level the world never considered possible.We are excited about our future and invite you to invest in this opportunity and join Boxabl as we continue to innovate the construction industry!Thank You!*For Informational Purposes OnlyFrontFundr utilizes a 'coming soon' feature to gauge interest and communicate potential opportunities which may become available to qualified individuals upon approval for inclusion on its platform. These communications are not solicitations and any expression of interest, or reservation, submitted by users should not be considered an instruction to purchase securities. Forward-Looking Information: If an Offering is approved for inclusion on the FrontFundr platform, these Offerings may contain forward-looking information. Forward-looking information includes statements that may predict, forecast, indicate or imply future plans, intentions, levels of activity, results, performance or achievements, and involve known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the issuer to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking information. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.Testimonials may not be representative of the experience of other customers or investors. These testimonials are no guarantee of future performance or success.
Amount Raised : CA$0
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