Boxabl, an innovative housing construction technology company, is making waves in the prefab home industry. Based in the vibrant city of Las Vegas, Nevada, this American company has been at the forefront of providing compact and modular homes since its inception in 2017.
Founded by the dynamic trio of Paolo Tiramani, Galiano Tiramani, and Kyle Denman, Boxabl's mission is to supply accessory dwelling units (ADUs) that are not only affordable but also high in quality. Paolo Tiramani, an industrial designer and mechanical engineer, holds an impressive portfolio of over 150 patents. The company's journey began with a seed capital of $2 million, and it has since raised a staggering $150 million in funding over four rounds.
Boxabl's unique selling proposition lies in its pre-fabricated homes, known as Casita. These homes come with walls, a floor, and a roof that ingeniously fold into each other, forming a self-contained transportable unit. What's even more impressive is that these homes can be unpacked and assembled in less than an hour! The manufacturing process is reminiscent of automobile assembly lines, ensuring efficiency and precision. The materials used, such as steel, ceramic boards, and expanded polystyrene foam, guarantee durability and longevity.
The company's flagship model is a testament to its commitment to affordability without compromising on quality. Priced at $50,000, this 375 square foot home is shipped in an eight-foot-long container. These models are versatile and can be stacked and configured in various ways to suit the homeowner's needs. Despite its compact size, Boxabl promises a production rate of a new home every 90 minutes. As of early 2023, the company reported a whopping 160,000 entries on the Casita waitlist.
Boxabl's growth trajectory has been nothing short of impressive. In 2022, the company announced a significant partnership with renowned homebuilder DR Horton. This collaboration included an investment and resource sharing, with an initial order of 100 Casita homes. Furthermore, in 2023, Boxabl showcased a new two-story prototype at the International Builders Conference. This prototype boasted three bedrooms, two and a half baths, and an outdoor patio, indicating the company's plans to diversify its product range.
With its headquarters in Las Vegas and a state-of-the-art factory in Northern Las Vegas, Boxabl is poised to redefine the housing industry. The company's revenue for 2022 stood at $11 million, reflecting its growing influence in the market. As Boxabl continues to innovate and expand, it remains committed to its core values of affordability, quality, and customer satisfaction.
Boxabl is not just a housing construction company; it's a movement that aims to make quality housing accessible to all. With its innovative designs, efficient production methods, and a vision for the future, Boxabl is set to revolutionize the prefab home industry.