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Boxabl Secures Order for 97 Homes in Texas

Created at 4 Jun · 4:09 PM1 source↑ Market-relevant
IN SHORT

Boxabl has signed a purchase agreement with Shelton Development for 97 factory-built homes in Texas. This marks the first Phase 2 order for the company, which aims to revolutionize residential construction with scalable housing solutions.

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Key Numbers

97BOXABL homes purchased by Shelton Development
203total BOXABL homes in Phase 2 order

Who's Involved

BOXABL
Technology company focused on factory-built housing
Shelton Development
Purchaser of BOXABL homes

↳ Why This Matters

This agreement signifies a key step in Boxabl's strategy to scale its factory-built housing model, potentially impacting the supply of affordable and rapidly deployable housing in Texas and other markets.

Key facts

  • Boxabl entered into a purchase agreement with Shelton Development.
  • The agreement is for 97 BOXABL homes.
  • The homes are destined for Texas.
  • This is Boxabl's first Phase 2 order.

Boxabl, a company specializing in scalable, factory-built housing solutions, has announced a significant purchase agreement with Shelton Development. The deal involves the acquisition of 97 BOXABL homes, which are intended for deployment in Texas. This order represents Boxabl's first Phase 2 order, indicating a progression in their business development and market penetration. The company aims to transform the residential construction industry through its innovative approach to building homes.

Frequently asked questions

Boxabl is a technology company focused on transforming residential construction through scalable, factory-built housing.

Shelton Development is the company that has entered into a purchase agreement with Boxabl for 97 homes.

The homes are designated for Texas.

What Happens Next

01Delivery of 97 BOXABL homes to Texas.
02Further development of Phase 2 orders.

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Cadence

How It Developed

4 Jun · 3:53 PM
Boxabl has secured a Phase 2 order from Shelton Development for 97 homes in Texas, with an option for an additional 106 units.
PRN | All News Releases via PiQSuite

Sources

T1
BOXABL Announces First Phase 2 Order with Shelton Development for 203 Boxes in Texasm.piqsuite.com

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