Carl Pei’s Nothing gobbles up $70 million in Collection B, to offer 2022 product roadmap at “The Reality” occasion on March 23
‘Nothing’ could also be new to the world, nevertheless it appears to have the potential to offer among the greatest gamers a run for his or her cash. Based by OnePlus co-founder Carl Pei in 2020, the corporate rolled out its first merchandise – carbon-neutral wi-fi earbuds often called the Ear (1) clear earbuds – in August 2021. The product has been a success if the truth that it has shipped 400,000 items to this point is any indicator.
Now, the corporate has scooped up $70 million in its Collection B funding spherical. The spherical was co-led by EQT Ventures and C Ventures and included participation from present traders resembling GV and iPod inventor Tony Fadell’s Future Form. It additionally included participation from new traders resembling Animoca Manufacturers and Gaorong Capital. With this, the corporate has raised $144 million in funding so far.
Evidently the proceeds from the contemporary funding spherical might be deployed in the direction of getting into into new product classes in collaboration with Qualcomm and its Snapdragon platform. We all know {that a} smartphone made by Nothing is on the playing cards (as was revealed throughout this 12 months’s Cellular World Congress. The smartphone has been within the works for over a 12 months, and the corporate plans to announce it subsequent month.
Funds will even be used to develop its operations at its new London Design Hub. The Hub is led by Adam Bates, former Design head at Dyson. Pei, the co-founder, and CEO believes that with the present spherical of financing, the corporate can notice the following part of its imaginative and prescient of a seamless digital future. “Our first 12 months was a warmup, and we will’t wait to disclose what we’re constructing at Nothing through the upcoming occasion,” he added.
In case you are questioning extra about Nothing’s plans for the longer term and what occasion Pei is speaking about, all it’s a must to do is wait until March 23 to get your reply. That’s proper, Nothing might be shedding mild on a few of its future path by way of a live-streamed occasion on March 23. The occasion is known as “The Reality.”
Backed by high-profile names resembling CRED’s Kunal Shah, filmmaker, and producer Karan Johar, ex-Indian cricketer Yuvraj Singh, designer Sabyasachi Mukherjee, in addition to Twitch co-founder Kevin Lin and Reddit CEO Steve Huffman, Nothing plans to construct what it calls “an ecosystem of sensible gadgets.” Its arrival is a breath of contemporary air within the tech trade, which continues to be dominated by a handful of titans.
In line with Ted Persson, Associate at EGT Ventures, Nothing represents “a vivid, new future – combining design with carbon-neutrality and a forward-thinking strategy to assist us all re-imagine how we use and work together with our tech.”
