Boxabl builds tiny homes that unfold out of shipping containers.
The company is working toward building a housing module factory on par with car factories.
They plan to mass produce modules that can be stacked to create custom buildings.
Boxabl introduced its first product, the Casita, early this year.
Las Vegas-based Boxabl wants to mass-produce low-cost housing.
The company released its first product, a 375-square-foot prefab studio apartment early this year, called the Casita. Some videos showing the unit expanding from a shipping container went viral on Twitter, and Boxabl reports huge interest in its products ever since.
Boxabl was started in 2017 by Paolo Tiramani, Galiano Tiramani, and Kyle Denman. After several years of prototyping and testing materials, the Boxabl Casita was introduced in early 2020, with plans to ship by the end of the year. Since then, the company says it has experienced a huge surge in interest. Boxabl told Business Insider that it now receives hundreds of emails a day, with 8,000 requests to buy the Casita. So far, 1,300 people have put down deposits to join the waitlist for the $50,000 house.
The company is looking for massive growth. Though the startup is small now, the goal is to create a large manufacturing facility akin to an automotive factory, constantly churning out standardized pieces that can be combined to create customizable buildings. A spokesperson told Business Insider that Boxabl is looking to raise $10 million to fund this growth, with a private offering coming up. They have already raised over $100 million from investors.
The company also has plans to release more sizes, which will likely be 20 feet by 30 feet, 20 feet by 40 feet, and 20 feet by 60 feet.
Take a look inside Boxabl's first product, Casita, here.
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