BOXABL, the innovative housing/tech startup, is thrilled to announce that its revolutionary product, the Casita, has received official approval for sale in the market. The company, known for its foldable and modular homes, has been making waves in the industry with its innovative approach to homebuilding.
When Boxabl co-founder Galiano Tiramani first chatted with BUILDER in 2022, the tech-based, mass-product home company was getting ready to move into its next phase of growth. With the approval of the Casita homes, Boxabl is poised to expand its reach and provide more affordable and sustainable housing options to consumers.
The firm faces stiff competition from Blokable, Connect Homes, FullStack Modular, Crate, Dvele, indieDwell, Plant Prefab, and Mighty Buildings. However, Boxabl's unique foldable design sets it apart from the competition and has garnered attention from both investors and consumers alike.
Boxabl promised to revolutionize homebuilding, but the company has faced challenges along the way. Despite burning through investor dollars, the founders have earned millions, raising questions about the company's financial stability and long-term viability.
The SEC has announced charges against Yanni Tassev for fraudulently offering securities purportedly issued by his then-employer. However, Boxabl has maintained its integrity and transparency throughout the regulatory process, ensuring that its Casita homes meet all necessary requirements for sale in the market.
BOXABL, which builds small, modular homes, has brought its foldable designs to the state, showcasing the versatility and convenience of its product. The homes are on display at a home expo, attracting visitors and potential buyers interested in Boxabl's unique approach to homebuilding.
It concluded its investigation of the Company and does not intend to recommend an enforcement action against the Company at this time. This statement from regulatory authorities is a positive sign for Boxabl, indicating that the company has complied with all regulations and standards in the industry.
