Their initial product called ‘Casita’ is a 375 sq ft ADU delivered with a full size bathroom, kitchen, appliances and tall ceilings with big windows for under $50k - that can be shipped on a regular flatbed trailer, and be unfolded and set up in two hours. Elon Musk apparently lives in one - and the company has reportedly got more than $1 billion in pre-orders, via a 47,000 person waitlist.
The company's foldable houses cost $50K and can be set up quickly. And one's rumored to be inhabited by a certain space mogul out in Boca Chica, Texas. The federal government is the first customer for these stackable homes, and after that Boxabl has been keeping a waitlist.
So far, the company has raised $16M from the offering and is targeting $50M, said Galiano Tiramani, Paolo's son and co-founder of Boxabl. The company plans to use proceeds to build out its manufacturing space, buy capital equipment, and raw materials to deliver on placed orders as they arrive.