Modular house creator Boxabl continues to push higher in its securities offering on StartEngine.
According to an email from StartEngine, Boxabl raised over one million dollars last week and is currently over $18 million. As of this writing, Boxabl has raised $18.5 million from over 8000 individual investors. Boxabl previously crowdfunded just under $5 million.
Boxabl is selling preferred equity at a pre-money valuation of $68.5 million in a Reg A+ offering. Investors must commit a minimum $1000 to participate in the funding round.
Boxabl aims to take the money raised to scale operations. It already claims a $9.2 million order from the US federal government and reports over 80,000 reservations.
Boxabl received a bit of a social media boost when it was reported that Elon Musk was using one of the early examples of a home in Texas.
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