Boxabl offering is now closed and is no longer accepting investments.
INVEST IN BOXABL TODAY!
Mass Production Building System
$4,882,201 Raised
REASONS TO INVEST
Our building modules (currently in the pre-production phase) are easily shippable, factory manufactured, and engineered for endless custom configurations. We already have over 20,000 reservations for the product and approximately 2,000 paid deposits. The US federal government is our first initial customer with an order of ~$9.2 million.
We are currently launching a 170,000 square foot factory with the capacity to produce thousands of easily shippable homes and millions in revenue.
This is one of the only building systems compatible with automobile-style factory mass production, protected by 17+ patent filings and growing. We are ready to disrupt the massive and outdated trillion dollar building construction market.
Boxabl’s Regulation A+ Test the Waters (TTW) is now live on StartEngine!
Boxabl, Inc TTW is now live accepting reservations
Click here to view their offering circular
“Our mission is to mass produce upscale, low cost housing on a worldwide scale.”
The Problem
Housing Construction Is Stuck in the Past
Most modern products are mass produced on an assembly line, lowering costs and increasing availability (Source). However, housing is still built by hand, making construction expensive and leading to global housing shortages (Source).
GIF
* Source
GIF
GIF
We are ready to bring housing construction into the modern era.
The Solution
A Factory for Mass-Produced Housing
We have made it possible to mass produce housing in a factory through shipping and manufacturing innovations. Our room module, the Casita, folds up to a shippable dimension, and upon arrival unfolds and sets up to a complete house in just a few hours. Although it has many use cases, right now our market focus is backyard houses in California.
GIF
*Rendering of Boxabl. Images are computer generated demo versions.
Now, we are setting up a house factory. We are in the final stages of setting up 170,000 square feet of factory space in Las Vegas for a plant that produces 2,000-4,000 homes per year.
The Market
Demand for Accessory Dwelling Units Is Growing*
Backyard accessory dwelling units (ADU) are increasing in popularity in California and other places due to new laws that streamline the permitting process and allow construction in more places (Source). We have already received interest from customers for Casitas that will far exceed our ability to supply product for the next several years.
In addition, 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.
* Source
GIF
*Rendering of Boxabl. Images are computer generated demo versions.
The planned Boxabl building system should be able to construct almost any building type, expanding our future total attainable market size in the multi-trillion global building construction market. While most buildings are still built by hand, one at a time, we hope that our building system can change this and bring building construction into the factory.
* Source
Our Traction
We Have the Demand and We’re Ready for the Factory
Our product has already received enthusiastic demand from potential customers:
Over $1 billion in potential revenue for “reserved” Casitas by over 20,000 potential customers in less than one year.
About 10% of these reservations include deposits paid. These customers alone have a potential of $100,000,000+ in revenue.
We have received 2 purchase orders from ADS, Inc., to deliver 156 homes to the federal government.
In order to meet this demand, we have the following plans:
Open an initial production facility of ~170,000 sq ft projected to produce 3,000 Casitas annually by 2022, with potential $180,000,000 in revenue, with $134M in cost of goods sold and expenses.
Partner with Volkswagen Groups Porsche Consulting Inc. for the design and implementation of Boxabl’s new factory
Plan for worldwide expansion using other people's capital via a partner factory model. 100+ individuals and companies indicated interest in opening partner factories in almost every major country.
Our innovative system is protected by 17+ patent filings and growing. All patent filings are owned by Built IP, LLC, which is owned by Paolo Tiramani.
What We Do
We Build High Quality, Shippable Housing
Our flagship product is called the Casita. It's our smallest room module, 20x20, fitted out as a studio apartment.
GIF
The Casita is expected to sell for $50,000. . It can be set up in someone's backyard in less than a day. The product is planned to include washer, dryer, fridge, stove, bathroom, kitchen, electric, HVAC and more. Just add your bed or couch and you have a turnkey, ready-to-go home.
Our testing indicates the Boxabl Casita should be more durable, energy efficient, higher quality and more upscale than traditional buildings. 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.
The Business Model
Turning Housing into a Factory Product
We plan to mass produce room modules in the factory and then sell them to builders and developers who permit and install them. Right now, we are focused on the Accessory Dwelling Unit market in California, but our innovative design means Boxabl can be used to construct most building types.
How We Are Different
Shipment, Manufacturing, and Customization
None of our factory-built housing competitors appear to have a shipping solution like us, and most are just building houses the old way, with the same materials and methods, but doing it inside a warehouse. We decided to do things differently.
SHIPMENT
Our first innovation was to solve the shipping problem through our foldable building modules. We believe that 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 many buildings are still built one at a time, by hand, in the field.
GIF
MANUFACTURING
After we solved the shipping problem, we tackled the building materials and manufacturing processes. Our new design allows for faster production with less components.
Materials will be pre-cut and shaped using computer controlled equipment, and our factory will be upgraded with robot arms and other automation using automobile manufacturing principles. From preparation of the materials all the way to installation of the buildings, we have found opportunity for innovation at every step of the process.
CUSTOMIZATION
We plan to mass produce the same rooms in a few sizes and internal configurations, but they can be combined to create endless building types. While efficient factories thrive on repeatability, 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. 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.
The Vision
Combating Global Housing Shortages Through Worldwide Expansion
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 our closely monitored factories. The Boxabl mothership in Nevada will continue to develop upgrades to our products and manufacturing processes to share this with our partners on an ongoing basis. Using this partner factory model, we plan to continue expanding our reach.
GIF
OUR LEADERSHIP
Experienced Entrepreneurs Ready to Make a Social Impact
From industrial design and mechanical engineering to entrepreneurship and patent filings, our team’s experience is comprehensive in everything it will take to make Boxabl a success. All patent filings are owned by Built IP, LLC, which is owned by Paolo Tiramani.
Our founders Paolo and Galiano are dedicated to the mission of significantly lowering the cost of home ownership for everyone. They have founded several businesses with large exits and have a proven history of successful projects.
Why Invest
Isn’t It Time We Build Houses the Way We Build Everything Else?
We have a solution to bring building construction into the modern manufacturing era. We have found innovative ways of making it possible to manufacture, ship, and customize factory-made, high-quality housing. With 20,000 preorders and factory plans underway, we are ready to make sustainable, comfortable housing more available and affordable to everyone.
If you want to solve a global problem in a multi-trillion dollar market, then get in on the ground floor today.
BOXABL IS CONSIDERING UNDERTAKING AN OFFERING OF SECURITIES UNDER TIER 2 OF REGULATION A. NO MONEY OR OTHER CONSIDERATION IS BEING SOLICITED, AND IF SENT IN RESPONSE, WILL NOT BE ACCEPTED. NO OFFER TO BUY THE SECURITIES CAN BE ACCEPTED AND NO PART OF THE PURCHASE PRICE CAN BE RECEIVED UNTIL THE OFFERING STATEMENT FILED BY THE COMPANY WITH THE SEC HAS BEEN QUALIFIED BY THE SEC. ANY SUCH OFFER MAY BE WITHDRAWN OR REVOKED, WITHOUT OBLIGATION OR COMMITMENT OF ANY KIND, AT ANY TIME BEFORE NOTICE OF ACCEPTANCE GIVEN AFTER THE DATE OF QUALIFICATION. AN INDICATION OF INTEREST INVOLVES NO OBLIGATION OR COMMITMENT OF ANY KIND. A COPY OF OUR PRELIMINARY OFFERING CIRCULAR MAY BE OBTAINED HERE, https://www.sec.gov/Archives/edgar/data/1816937/000109690621000494/box_1aa.htm
NO MONEY OR OTHER CONSIDERATION IS BEING SOLICITED, AND IF SENT IN RESPONSE, WILL NOT BE ACCEPTED. NO OFFER TO BUY THE SECURITIES CAN BE ACCEPTED AND NO PART OF THE PURCHASE PRICE CAN BE RECEIVED UNTIL THE OFFERING STATEMENT FILED BY THE COMPANY WITH THE SEC HAS BEEN QUALIFIED BY THE SEC. ANY SUCH OFFER MAY BE WITHDRAWN OR REVOKED, WITHOUT OBLIGATION OR COMMITMENT OF ANY KIND, AT ANY TIME BEFORE NOTICE OF ACCEPTANCE GIVEN AFTER THE DATE OF QUALIFICATION.
AN INDICATION OF INTEREST INVOLVES NO OBLIGATION OR COMMITMENT OF ANY KIND.
THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
ABOUT
HEADQUARTERS
6120 N. Hollywood Blvd. #104
Las Vegas, NV 89115
WEBSITE
View Site
Boxabl has created a building system that's compatible with scalable factory mass production. Our mission is to significantly lower the cost of homeownership for everyone. Obsessively designed to the highest standards of quality, strength, and sustainability to last for generations.
TEAM
Paolo Tiramani
Founder & CEO
Galiano Tiramani
Founder & Director
Kyle Denman
Lead Engineer
Greg Ehlers
COO
Dennis Byrd
Director of Manufacturing
Bryce Jones
Technology Specialist
Hamid Firooznia
Advisor & Director
Caleb Roope
Advisor
Michael Baca
Controller
Jobie Clark
Health and Safety Manager
Shawna Tiramani
Admin Assist
Caroline Larkin
Accounts Manager
TERMS
Boxabl
Overview
PRICE PER SHARE
$0.71
DEADLINE
Nov 13, 2021
VALUATION
$226.25M
AMOUNT RAISED
$4,882,201
Breakdown
MIN INVESTMENT
$499.84
MAX INVESTMENT
$106,999.84
MIN NUMBER OF SHARES OFFERED
14,084
OFFERING TYPE
Equity
ASSET TYPE
PREFERRED
SHARES OFFERED
Series A-1 Preferred Stock
MAX NUMBER OF SHARES OFFERED
7,042,253
Maximum Number of Shares Offered subject to adjustment for bonus shares
Company | : | BOXABL INC. |
Corporate Address | : | 6120 N. Hollywood Blvd. #104, Las Vegas, NV 89115 |
Offering Minimum | : | $9,999.64 |
Offering Maximum | : | $4,999,999.63 |
Minimum Investment Amount(per investor) | : | $499.84 |
Terms
Offering Type | : | Equity |
Security Name | : | Series A-1 Preferred Stock |
Minimum Number of Shares Offered | : | 14,084 |
Maximum Number of Shares Offered | : | 7,042,253 |
Price per Share | : | $0.71 |
Pre-Money Valuation | : | $226,249,346.92 |
Live Offering Perks*
$3,000+ Boxabl pays your first Casita mortgage payment (Casita portion only, not land or installation).
$5,000+ Get $500 off MSRP on your Casita
$7,500+ Get listed on website as Boxabl certified installer (after training)
$10,000+ Get $1,000 off MSRP on your Casita
$15,000+ Move to the priority waitlist. Get early access to a Casita beta testing program.
$25,000 Get $2,500 off MSRP on your Casita
$40,000 Get $4,000 off MSRP on your Casita
$50,000+ Priority waitlist for distribution, dealer program
$100,000+ Priority waitlist for Boxabl factory franchise
$107,000+ Get a 10% discount off MSRP on a 20 Boxabl order
*All perks occur when the offering is completed.
Irregular Use of Proceeds
Example - The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.
ALL UPDATES
11.13.21
Boxabl waitlist update - Also, WE ARE BUILDING HOUSES!
Hello!
Keep an eye on our social media as the factory comes alive - https://www.instagram.com/p/CVOJRJsNR_l
We’re ecstatic to announce that our Reg A+ Test the Waters (TTW) page is NOW LIVE. If you missed the chance to invest or commit to the waitlist for this offering, you can now reserve shares at startengine.com/boxabl.
FOR WAITLIST COMMITMENTS:
Thank you so much for your interest in our campaign!
Because you joined Boxabl’s waitlist during this campaign, once the Reg A+ offering is open to accept investments, you will immediately receive a direct email allowing you to invest in the new offering for the same amount you previously committed. The number of shares you receive will be adjusted to reflect the terms of the new offering.
What is “Testing the Waters (TTW)”?
Before companies begin accepting investments through a live offering, companies can “test the waters.” A reservation of securities through TTW is merely an indication of interest in the offering.
NO MONEY OR OTHER CONSIDERATION IS BEING SOLICITED, AND IF SENT IN RESPONSE, WILL NOT BE ACCEPTED. NO OFFER TO BUY THE SECURITIES CAN BE ACCEPTED AND NO PART OF THE PURCHASE PRICE CAN BE RECEIVED UNTIL THE OFFERING STATEMENT HAS BEEN QUALIFIED BY THE SEC. ANY SUCH OFFER MAY BE WITHDRAWN OR REVOKED, WITHOUT OBLIGATION OR COMMITMENT OF ANY KIND, AT ANY TIME BEFORE NOTICE OF ACCEPTANCE GIVEN AFTER THE DATE OF QUALIFICATION. AN INDICATION OF INTEREST INVOLVES NO OBLIGATION OR COMMITMENT OF ANY KIND. "RESERVING" SECURITIES IS SIMPLY AN INDICATION OF INTEREST.
AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. YOU MAY OBTAIN A COPY OF THE PRELIMINARY OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT HERE.
10.29.21
Notice of Material Change in Offering
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Boxabl offering. Here's an excerpt describing the specifics of the change:
Boxabl is amending and extending their offering. The offering max has increased by $1,069,999.82. The new offering max is $4,999,999.63 and eligibility for inclusion in the campaign will be on a first come first serve basis.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
10.21.21
Factory promised, factory delivered. 🏭 Boxabl Update & Investment offering closing soon.
Very proud to announce that we have lots of good news to deliver!
We have had an amazing time setting up the new Boxabl factory and have now officially moved in! The world is crazy lately, but we overcame huge covid supply chain related hurdles with relative ease.
See this factory update video. https://youtu.be/jcVERloH2Mc
The equipment is turned on and we are now building. 😎 The assembly line is filling up with houses and things are getting exciting! Our team continues to grow weekly, we have about 25 office staff and about 70 laborers. We even came in under budget for factory setup!
https://www.tiktok.com/@boxabl/video/7019501812243827970
Importantly... we successfully delivered the first two houses to the Government 🎊 🎉 🇺🇸 !!!
Do you want to invest? Please act soon, our accredited offering at the current valuation will be closing in a few weeks. AND Non-accredited investors can still get on the waitlist.
If you have reserved a house, thanks for your patience, we are moving as fast as possible to get you a Casita and will reach out when we have next steps.
The best way to get near daily updates is to follow us on all social media, tiktok, instagram, youtube, facebook and twitter!
Galiano Tiramani
Founder
Boxabl
Las Vegas, NV
10.18.21
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Boxabl has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Boxabl be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
09.25.21
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Boxabl has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Boxabl be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
08.03.21
Boxabl Reg CF investment offering closing soon! Last chance to get one the waitlist. Submit your name now!
In the meantime, check out some videos on the Boxabl website
07.14.21
GET ON THE BOXABL INVESTMENT WAITLIST ASAP! Dont miss out on future updates from Boxabl. Also, check out this cool video
Did you know Boxabl room modules can stack and connect to create many building types? Checkout this video of us stacking them to create a 2 story! https://youtu.be/aX1TUkX8bxs
07.13.21
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Boxabl has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Boxabl be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
07.09.21
GET ON THE WAITLIST FOR THE BOXABL INVESTMENT! This way you will be the first to know about Boxabl updates!
Things are going smooth at the new factory! We are just about to move in... just a few things left, like buffing the floor!
07.01.21
Get on the waitlist and dont miss out on the investment. Boxabl factory open soon! First order is for the USA federal government.
One last step before moving into our new factory... clean the office floors! https://www.instagram.com/p/CQwiUx4F7ZR/
REWARDS
$3,000
First Tier
Boxabl pays your first Casita mortgage payment (Casita portion only, not land or installation).
$5,000
Second Tier
Get $500 off MSRP on your Casita
$7,500
Third Tier
Get listed on website as Boxabl certified installer (after training)
$10,000
Fourth Tier
Get $1,000 off MSRP on your Casita
$15,000
Fifth Tier
Move to the priority waitlist. Get early access to a Casita beta testing program.
$25,000
Sixth Tier
Get $2,500 off MSRP on your Casita
$40,000
Seventh Tier
Get $4,000 off MSRP on your Casita
$50,000
Eighth Tier
Priority waitlist for distribution, dealer program
$100,000
Ninth Tier
Priority waitlist for Boxabl factory franchise
$107,000
Tenth Tier
$107,000+ Get a 10% discount off MSRP on a 20 Boxabl order
JOIN THE DISCUSSION
0/2500
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
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SECURE
Your info is your info. We take pride in keeping it that way!
DIVERSE INVESTMENTS
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With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
