Boxrent

What Boxrent does

Boxrent is a Riga-based self-storage operator founded in 2020 that converts repurposed sea shipping containers into rentable storage units. The company runs 14+ container storage sites across 11 Riga districts and has expanded into Vilnius, Lithuania as of 2023, operating under the legal entity SIA "Boxrent." Storage units are offered in eight size tiers ranging from 1 m³ to 30 m² at monthly subscription rates of €9.99-€159.99, with weekly entry pricing from €4.99 and seasonal promotions offering up to 50% off the first two months. The infrastructure includes hermetically sealed, ventilated containers with anti-corrosion treatment, 2mm metal walls, 90kg heavy-duty doors, 24/7 gate access controlled via phone or app, CCTV surveillance, LED motion-sensor lighting, 220V electrical outlets, and a separate climate-controlled indoor warm-storage facility maintained at +8°C in Ķengarags.

The business model is asset-heavy and recurring-revenue oriented, anchored in monthly/annual subscription rentals, supplemented by a container delivery service (20ft and 40ft containers placed at customer-owned sites from €54.99/month), free trailer and moving services for long-term contracts, and periodic storage auctions of abandoned contents. Customers are primarily individuals (urban apartment dwellers storing seasonal items, bicycles, furniture) and SMBs (inventory, archives, café/restaurant equipment), with named institutional users including SEB bank and Riga Technical University. The go-to-market combines a self-serve online booking platform with inside-sales phone/email support, complemented by SEO, content marketing, and organic social channels (Instagram, Facebook, TikTok, YouTube) in Latvian and Russian.

Growth has been funded not through traditional venture capital but via a container investment program in which third-party investors purchase containers that Boxrent operates, offering guaranteed annual returns of 10-15%. The company scaled from one container and six customers in May 2020 to approximately 200 containers and 800+ active renters by late 2023, with 90% average occupancy. The team is small (1-10 employees) and founder-led by Maksims Kitajevs (Vadītājs/General Manager), with no institutional equity backing, parent company, or subsidiaries disclosed.

Name

Boxrent

Legal name

SIA "Boxrent"

Website

https://boxrent.lv

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Boxrent operates a container-based self-storage network across Riga and Vilnius, converting sea containers into 24/7-accessible storage units (1 m³-30 m²) for individuals and small businesses, with revenue from monthly rentals, container delivery, and ancillary services.

Ownership category

akta.pro rank

Product category

Self-Storage Services

NAICS

General Warehousing and Storage (493110)

SIC

Public Warehousing & Storage (4220)

akta.pro primary industry

Standard/Non-Climate Self-Storage (HSAKAGAB)

akta.pro secondary industries

Residential Portable Storage Container Rental & Moving (HSAKAIAA), Portable Storage Container Delivery, Pickup & Repositioning Services (HSAKAIAE)

Keywords

• Self-storage rental
• Container storage
• Climate-controlled storage
• Storage unit rental
• Business storage solutions

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

Offices15 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Storage Unit Rental: Recurring monthly or annual rental fees for storage units ranging from 1m3 to 30m2. Customers can choose from 8 different sizes. Pricing varies by location and contract term (monthly, 6-month, or 12-month commitments). Discounts of up to 50% offered for the first 2 months on longer-term contracts.
2. Container Delivery Service: Delivery of 20ft and 40ft containers to customer-owned locations for periods of 1-12 months. Pricing starts from €54.99 for 20ft and €64.99 for 40ft containers. The company guarantees the lowest delivery prices in Riga.
3. Storage Auctions: Periodic auctions of abandoned storage contents. Starting price for lots is €20 (VAT included). Buyers pay 20% deposit within 24 hours and remaining 80% upon agreement.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels9 records

Core offering

Boxrent operates a network of self-storage facilities built from converted sea containers across Latvia and Lithuania. The core offering is monthly/annual rental of storage units in 8 sizes (1m³ to 30 m²) at 14+ Riga sites and Vilnius locations, with 24/7 access, video surveillance, climate-controlled warm indoor storage at +8°C, and drive-up convenience. Supplementary paid offerings include container delivery to customer sites, a container investment program paying 10-15% annual returns, and auctions of abandoned storage contents.

Product overview

Boxrent is a self-storage company operating a network of converted sea containers across Latvia and Lithuania. The core offering consists of container storage units in 8 sizes (from 1.5 m³ to 30 m²) available in 14+ locations throughout Riga, supplemented by climate-controlled indoor warm storage in Ķengarags. Additional services include container delivery to customer sites (20ft/40ft), free trailer loans, and complimentary moving assistance for long-term contracts. The company also operates a container investment program enabling third-party ownership with guaranteed returns up to 15% annually. Storage auctions for abandoned goods and multilingual support (Latvian, Russian) round out the service portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

• Container Storage Units (Konteineru-noliktavas) Self-storage units converted from 20ft and 40ft sea containers, available in 8 sizes from 1.5 m³ (MINI) to 30 m² (XXL), located at 14+ sites across 11 Riga districts with 24/7 gate access, CCTV, LED motion-sensor lighting, 220V electricity, drive-up vehicle access, and hermetic sealed construction. Available to individuals and businesses on monthly, 6-month, and 12-month contracts with promotional 50% off the first 2 months on online sign-ups.
• Indoor Warm Storage (Siltās noliktavas) Climate-controlled indoor storage facility maintained at +8°C year-round, located at Latgales iela 256, Ķengarags, Riga, with smoke detectors and access control tied to a 24/7 security monitoring station. Offered to customers who need non-freezing, temperature-stable storage for sensitive items.
• Container Delivery Service Delivery and on-site placement of 20ft (15 m²) and 40ft (30 m²) shipping containers to customer-owned locations for rental periods of 1 to 12 months or longer. Pricing starts at €54.99/month for 20ft and €64.99/month for 40ft, with the company positioning itself as offering the lowest delivery prices in Riga.
• Free Trailer Service Free trailer loan for up to 24 hours, available to new customers to transport belongings from home to the storage facility. Instructions are emailed upon reservation. Priced at €0 (free) but available only as a customer onboarding perk tied to a storage-unit rental.
• Free Moving Service Free packing and moving service included with 12-month rental contracts: movers arrive, pack belongings, deliver keys and access cards, load the unit, and send a confirmation photo. Additional hours available at €25. Not a standalone product—bundled with a 12-month storage contract.
• Container Investment Program (Investīcijas) Investment product in which individual investors purchase shipping containers placed in Boxrent's rental network; Boxrent guarantees annual returns of 10-15% (tiered: 2-9 containers = 10%, 10+ containers = 11%, with up to 15% advertised) with monthly passive income paid regardless of occupancy.
• Storage Auctions (Izsoles) Periodic auctions of abandoned storage contents held in Riga with starting prices of €20 per lot (VAT included). Buyers pay a 20% deposit within 24 hours and the remaining 80% upon agreement; private viewing is available for €15 and bidders have 3 business days to submit bids.

Quantifiable outcome

• Average occupancy rate of 90% across all storage facilities
• +3 more outcomes

Named customers8 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered minor.

• SEBminorOthersSEB bank logo appears in the 'Mums uzticas' (Trusted by us) section, indicating SEB uses Boxrent services for storage needs.
• Riga Technical University (RTU)minorOthersRTU logo appears in the 'Mums uzticas' section, indicating university uses Boxrent storage services.
• CitybeeminorOthersCitybee logo appears in the 'Mums uzticas' section, indicating car-sharing company uses Boxrent storage services.
• Lieliska DāvanaminorOthersLieliska Dāvana logo appears in the 'Mums uzticas' section, indicating this company uses Boxrent storage services.
• Purvu BrīdeļiminorOthersPurvu Brīdeļi logo appears in the 'Mums uzticas' section, indicating this company uses Boxrent storage services.
• Transportation PartnersminorChannel Partner/ Reseller/ DistributorMultiple transportation/shipping companies partnered with Boxrent in various locations to provide container delivery services. The company claims to guarantee the lowest delivery prices in Riga through these partnerships.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• LoveBox: French portable container storage company delivering and renting converted shipping containers to residential and business customers. Closest peer to Boxrent by format and business model — uses repurposed sea containers for self-storage.
• 24Seven Storage: Latvian self-storage competitor operating indoor and container storage facilities in Riga. Most directly comparable peer geographically, competing for the same Riga customers with similar unit sizes and 24/7 access.
• Lok'n Store: UK-based self-storage operator with 40+ stores, including a mix of container and indoor formats. Comparable container-format offering and SMB/individual customer base to Boxrent, though geographically focused on the UK.
• Shurgard Self-Storage: Pan-European self-storage REIT operating ~250+ facilities across seven countries with drive-up and indoor units. Most comparable to Boxrent in product offering (self-storage rental) and target customer (urban individuals and SMBs), though at vastly larger scale.

Regional players

• PODS: North American portable container storage and moving company with similar container-delivery and container-rental model to Boxrent's container delivery service. Relevant comparable for the portable-container format and moving-services extension.
• City Self Storage: Scandinavian self-storage operator with locations in Sweden and Norway. Comparable product offering to Boxrent (urban self-storage units for individuals and businesses) but in a different geography.
• OK Storage: Nordic self-storage chain with facilities in Norway, Sweden, Denmark, and expanding into the Baltics. Comparable self-storage product offering to Boxrent and a relevant competitor if it enters Latvia/Lithuania.
• Pelican Self Storage: Norwegian self-storage chain operating ~40 facilities. Comparable self-storage rental product and target customer (urban individuals and small businesses) to Boxrent, though focused exclusively on Norway.

Broad incumbents

• Safestore: Largest UK and Paris self-storage operator with over 200 stores. Comparable self-storage rental product and customer base (urban individuals, SMBs) but a much larger, publicly-listed incumbent with broader geographic reach.
• Big Yellow Group: UK self-storage market leader with ~110 facilities. Comparable product offering (self-storage units for individuals and businesses) and premium urban positioning, though focused on indoor formats rather than container.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCiuFDdgkIuGcky5dQ01p-2Q
• Facebookfacebook.com/boxrentlv
• Instagraminstagram.com/boxrent_lv
• TikToktiktok.com/@boxrent_lv
• LinkedInlinkedin.com/company/boxrentlv

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Boxrent