SerpApi.Org
- Boxabl, the company that's gained attention for Elon Musk living in one of its compact prefabricated homes, says it has received commitments for over $30M of its preferred shares from more than 5,000 investors, according to the company's co-founder Galiano Tiramani.
- It's targeting $50M and plans to use proceeds to build out its manufacturing space and for raw materials.
- Boxabl's factory is set up, and "we will get to work turning on production soon," Galiano said via email, adding that the company's first order is a $9M+ order from the U.S. federal government.
- Its waitlist stands at more than 100K houses "pre-ordered," according to the company.
- Previously (June 29), Housing prices continue to surge with no sign that supply will outpace demand.
Boxabl gets commitments for over $30M of preferred stock
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1 min read
Boxabl, the company that's gained attention for Elon Musk living in one of its compact prefabricated homes, says it has received commitments for over $30M of its preferred shares from more than 5,000 investors, according to the company's co-founder Galiano Tiramani. It's targeting $50M and plans to use proceeds to build out its manufacturing space ...
