ZenniHome

❇️ FINAL HOURS ❇️ - Transforming the $2T US housing market with robotic smart homes

Last Funded May 2024

$14,049,219

raised from 2,378 investors

Highlights

Repeat Founder

Founder has started a previous company funded with $2M+

1
❇️ New! ❇️ $74M grants awarded to ZenniHome by Navajo Nation for home purchases + factory expansion
2
CEO with 2 IPOs, sold SkyMall to Rupert Murdoch, and was named 1999 Entrepreneur of the Year by EY
3
COO Dr. Michael Schmitt - 27 years experience at Tesla and Bosch automotive
4
1,200 units in firm pipeline through 2026 with 80k additional soft orders (was 40k 1 year ago)

Our Team


Invest in the future of housing

Our mission is to completely disrupt the housing industry, and we’ll share our journey with you. The interest in ZenniHome has been extraordinary, underscoring the need for innovative, attainable, and sustainable housing solutions.

🔵 3 New major updates since campaign launch! 🔵

  1. $24M and $50M grant awards from Navajo Nation:
  • $24 Million has been awarded from Navajo Nation for ZenniHome Factory 2.0 which is expected to come online early to mid 2026 under the direction of new COO Dr. Michael Schmitt. While our current factory in Page, AZ is expected to max out at a pace of ~3 homes per day, the new 300,000sf factory 2.0 will max out at an estimated 24 homes per day due to planned advanced automation and robotics and a much larger footprint. See renderings of the factory and learn about our digital twin design approach in our webinar recording with Wikfors Technology. In addition to the $24 million, we have financing partners lined up and ready to fund the remaining cost in a lease-back model to avoid diluting shareholders.
  • $50 Million has been awarded to IDS+A (design and architecture firm) and ZenniHome for the purchase of a minimum of 200 ZenniHome units. These homes will be given to those most in need across Navajo Nation as part of Navajo Nation President Nygren’s 1,000 home initiative. According to a 2011 report by Navajo Housing Authority, more than 34,000 homes are needed across the Nation with another 34,000 needing significant repairs. We are extremely grateful to be able to work together on such a meaningful application of housing.

Read about both grant announcements on Navajo Nation President Nygren’s website.

2. Dr. Michael Schmitt has joined as COO

He joins us with 27 years of experience at both Tesla and Bosch and is one of the world's leading experts on manufacturing, automation, and factory building. He has built multiple factories from the ground up in 5 different countries (USA, China, Mexico, Germany, Hungary).

View Full announcement

Watch our recent fireside chat webinar recording introducing him to the ZenniHome family.

3. First B2B installation underway with Los Milics Vineyard in Elgin, Arizona

Los Milics is installing 9 Citizen (2 bedroom) ZenniHome units to be used as nightly rentals as part of their hospitality experience. Follow along as they post about the installation process this week on Instagram!

Reserve your opportunity to stay at these units in the future on their website.

Traction

In addition to our soft order pipeline that has grown from 40,000 to now 80,000 over the course of the campaign, we can share our latest large volume projects that are either contracted or firmly in process:

9 units - Los Milics - Installing

90 units - 29 West - Deposit and production underway

80 units - El Caro - Finished city council approval

200 units - Navajo Nation - Publicly announced

792 units - Navajo Nation - Firmly in progress

The incredible demand for our housing units, even before our public launch, speaks volumes about the need for affordable, quality homes. These soft orders have come purely through unpaid organic traffic, a testament to the power of our vision.

Our community's enthusiasm is palpable, and their support is taking our vision viral. We’ve now been covered by some of the best creators in our space amassing 1.26 million views across videos featuring our products. It is a testament to the excitement around our design and products.

The demand for our units spans across a diverse range of customers. Developers, government entities, and individual consumers all recognize the potential ZenniHome holds for the future of housing. We are seeing MASSIVE success with large volume buyers looking for tens or hundreds of units at a time.

After 3 years and over $20 Million invested, we’re ready to share our vision and technology with the world. We are flipping the traditional home and apartment building industries upside down with our innovative approach to manufacturing housing. Our masterful architecture, engineering, and design teams have iterated many times to achieve a world-class quality product ready for the spotlight.

Our first units are not only installed and operable, but also available for tours. Seeing is believing, and we're excited to show you just how transformational our homes can be.

With the first wave of production already underway, we're on track to meet the growing demand for our disruptive homes. Follow along REAL TIME as Los Milics is installing 9 Citizen (2 bedroom) ZenniHome units to be used as nightly rentals as part of their hospitality experience. Get an inside look at the installation process this week on Instagram!

Welcome to our homes

No one has seen homes like this before. The technology and innovation here is unrivaled.

At ZenniHome, we're proud to introduce our perfected base units: The Citizen and the Denizen. These units are designed to stand alone or serve as  building blocks for larger developments.

By stacking our base units, we can efficiently create multi-unit developments we call ZenCity. This unique capability allows us to shatter traditional building timelines and provide a scalable solution for multifamily communities.

Our commitment to uniformity in the basic design isn't a limitation; it's our strength. By focusing on perfecting our base units, we can manufacture homes at unprecedented speed, quality, and scale while offering color options much like auto makers.

No detail is too small for our team. Each unit is fully finished in the factory, ensuring the highest quality of craftsmanship while eliminating the typical hassles of on-site construction.

Our homes are conveniently delivered directly to your location and can be ready to go in days. This ease of installation is another way we're transforming the housing industry.

We’ve gone above and beyond with insulation and energy efficiency. Combined with the smaller footprint, the operating costs of these homes are extremely inexpensive. If you choose to add our solar options, you can go off grid.

Our efficiency values are as follows:

  • Door U Value - 0.57
  • Exterior walls - R35
  • Ceiling and floor assembly - R29
  • Windows U Value - 0.35

People who tour our homes are often surprised by how spacious they feel. Our innovative design makes each square foot work harder, creating a sense of openness that defies the compact footprint.

One of our signature design elements is our dramatic floor-to-ceiling glass, which invites natural light into the space and blurs the line between indoors and outdoors.

Our transforming furniture and walls enable flexible usage of space. As a result, our 640 square-foot Citizen model functions as if it were over twice its size.

We're rethinking traditional home design. Instead of static floor plans, we're using transformative furniture and space optimization strategies to create dynamic living spaces that change to your needs.

Our commitment to sustainability is reflected in our choice of materials. We build our homes mostly from recycled steel, which not only reduces our environmental impact but also enables us to build with remarkable precision and height.

Massive market potential

The market size for ZenniHome is staggering. The total addressable market is $2 trillion, representing the total value of US housing units sold each year. We're primarily focused on homes under 1200 square feet, which constitutes a service addressable market of $600 billion. With our four planned production sites, we aim to serve a significant portion of this market. Moreover, our obtainable market, the market we can immediately serve, amounts to $150 billion, representing homes within a day's trucking distance from our factory in Page, Arizona. 

Our mission is not just about profits; it's about addressing a pressing need. The U.S. housing market is currently short by 6.5 million homes. Through our efficient, scalable model, we aim to address this gap and provide quality housing to those who need it most.




The affordability crisis is real. Since 2000, the median home price in the US has risen by over 180%. In fact, housing affordability is worse today than during the peak of the 2008 housing bubble. We're determined to reverse this trend and make quality housing accessible to all.

We firmly believe that ZenniHome is competitively positioned to create beautiful, attainable homes. We have the technology, the team, and the drive to make a difference.

World class team

Our team is our greatest asset. We're proud to be led by a nationally recognized team of industry experts, including Bob Worsley (SkyMall, PWC), Dr. Michael Schmitt (Tesla, Bosch), Stephen James, Trevor Barger, Jerry Coleman (Invitation Homes, Offerpad), Connie Carras (PwC and IBM), Chris Loeffler (Caliber), and Mindy Rex (Autovol). Each member brings a wealth of experience and passion to our mission.

Growth and the future

Now a year after launching, we are proud to announce major progress on these three initiatives

1. Navajo Nation and 2. Factory Expansion

$24 Million has been awarded from Navajo Nation for ZenniHome Factory 2.0 which is expected to come online early to mid 2026 under the direction of new COO Dr. Michael Schmitt. This factory will be capable of up to 24 homes per day through robotic automation and a much larger footprint.

$50 Million has been awarded to IDS+A (design and architecture firm) and ZenniHome for the purchase of a minimum of 200 ZenniHome units.

Read about both grant announcements on Navajo Nation President Nygren’s website

3. ZenniHomeX

Our R&D team has been hard at work already designing the next generation version of our homes. While we are currently building version 2.3, many transformational improvements are being planned for version 3.0. These changes represent both improvements to customer experience as well as manufacturability. This team has also been making MASSIVE improvements to sourcing and BOM costs along the way.



Looking ahead, we're poised for rapid expansion. We're in discussions to form a joint venture with the Navajo Nation to manufacture homes for their people. At the same time, our ZenniHomeX Laboratory is dedicated to continuous innovation and improvement, driving down material costs and boosting production. We're also planning to build three more factories in opportunity zones and are in the process of obtaining more state licensing approvals in the US and Canada.

Our revenue projections are thoughtfully planned. Based on our current assumptions about production capacity and prioritized B2B & B2N orders, we anticipate 2024 revenues of $50.6M. For 2025 we expect revenues to grow to $109.7M and then grow further in 2026 to $361.2M. These projections reflect our commitment to growth and profitability.

In order to accelerate our growth, we're currently raising capital. Over the next few years, we have ambitious plans. We have started installation on 9 units at Los Milics and are in production on 90 units for 29 west multifamily. We have additional large B2B contracts under way. We also aim to scale our factory production by adding another factory shift to increase production. Lastly we aim to bring factory 2.0 through the $24M grant secured with Navajo Nation and our additional financing partners. Digital twin design is underway and will accelerate our timeline to develop and execute under the leadership of our new COO Dr. Michael Schmitt. Watch him speak about the future of home manufacturing and our planned factory 2.0 here.

And now, we invite you to be a part of this journey. Invest in the future of housing! By investing in ZenniHome, you're not just investing in a company; you're investing in a vision of a more affordable, sustainable, and innovative future for housing. Thank you for considering investing, and we hope to welcome you to the ZenniHome family!

Learn more about our ZenniHome units!


ZenniHome 17-B Disclosure

Overview