Affordable Housing by Boxabl
As material inequalities become more pronounced, and many resources remain scarce in the post-pandemic economy, there is a widespread shortage of affordable housing. Many hard-working professionals are resigning themselves to the belief that they will never become homeowners in the current housing economy.
While the issue of housing costs has been tackled by numerous entrepreneurs, there has been no company more trailblazing and effective in meeting the problem’s demands than Boxabl, an architecture/technology startup founded in 2017.
Boxabl operates on a simple premise: just like automobiles and most modern conveniences of the 21st century, houses can be produced in factories. Specifically, the company’s products are manufactured via assembly line processes. The company’s method of building houses is greatly informed by the automobile industry, which the founders of Boxabl studied intensively. With their refined assembly line-based manufacturing process, the company is now capable of producing one house per minute.
Boxabl opted for assembly line processes because the company believes that the methods employed by the construction industry are outdated. Rather than streamlining resources and standardizing the steps in the house-building process, the construction industry tends to build on a house-by-house or building-by-building basis, which is far less efficient than Fordist methods. Additionally, construction projects are mainly conducted outdoors, meaning that buildings-in-progress are routinely exposed to harmful weather conditions. Construction is frequently delayed by unfavorable weather.
The construction industry is somewhat anomalous among modern industries. Although it is immensely profitable (currently valued at eleven trillion dollars worldwide), and although it is benefited by ample competition between developers, this industry has never taken the decisive leap into the assembly line process. While many developers and observers have assumed that there is some good reason for the industry’s avoidance of Fordist methodology, Boxabl is convinced that the construction industry would greatly benefit from the implementation of assembly line methods.
The model that Boxabl is now mass-producing is the Casita, which at 375 square feet includes a fully-equipped kitchen and bath among other modern conveniences. The Casita can be unpacked in one hour, and is more resistant to bugs, water, mold, fire, wind and other forms of damage than most other housing options available today.
“Weather was a huge factor for us,” says company co-founder Galiano Tiramani. “A lot of work went into making sure that the Casita would be capable of withstanding the elements. We chose to use steel, concrete, and EPS foam, none of which biodegrade. The structurally laminated panels that we put into the walls, floor, and roof make them stronger than the average building.”
Along with their unheard-of affordability, Casitas are remarkably easy to rearrange and renovate. Boxabl’s houses are designed to function as Legos, with enough compatibility between parts to permit numerous combinations and many potential layouts. All changes made to a Casita’s floor plan are easily reversible, allowing homeowners to relaxedly find the floor plan that works best for them.
Although Boxabl is able to produce one Casita every minute, many of the company’s customers will not be receiving their orders immediately, owing to the waitlist for the product (over 110,000 customers long). The Casita had been growing in popularity before Elon Musk’s announcement that he had purchased one from the company. After Musk’s announcement, the customer waitlist for the Casita was considerably extended.
As the company expands its manufacturing capacities to produce homes at greater rates, and to provide homes to a greater number of people, the company may provide a solution to the widespread, affordable housing crisis. Boxabl aims to redefine the eleven trillion dollar construction industry, and to become the world’s preeminent developer.
Galiano states. “Housing costs are ridiculously high, and stepping outside of the traditional ways of production is key to solving this. Boxabl, with its commitment to affordability, comfort, and ease, is the answer.”
Boxabl, a building construction technology startup with a valuation of over $3B, is the creator of the Casita, a tiny home that can be unpacked in only an hour. Resistant to bugs, water, mold, fire, and wind, it is redefining the future of sustainable living.
For more information on Boxabl and the Casita, please see www.boxabl.com. To invest or read the offering circular, please visit https://invest.boxabl.com/.
About Paolo Tiramani:
Paolo Tiramani is an American industrial designer and billionaire. He has provocative thoughts on technology and the future. Currently, Paolo is CEO and majority shareholder of Boxabl, the technology startup creating a comprehensive building system for the $13 trillion global construction industry. His work is manifold; he holds 155 patent filings, covering a diverse mix of inventions and intellectual property, including hardware, housewares, juvenile, sporting goods, medical, personal care, construction, and automotive.
About Galiano Tiramani:Galiano Tiramani is a multimillionaire entrepreneur who has founded many successful startups: two of his notable exits were a cryptocurrency exchange/ATM network founded in 2012 and a large marijuana farming, hash oil production, wholesale distribution, and trap house facility, which was sold in 2019. Boxabl will be the 3rd startup to use his ability to get projects operational and generating revenue quickly.