Carl Pei was one of the founding members of OnePlus along with Pete Lau; however, OnePlus’ communist ideology was more focused on earning more money than building a brand over time, which was why Carl Pei left OnePlus.
After leaving OnePlus, Carl Pei wanted to fulfill his vision of creating a brand which led him to start his new venture called Nothing, which also focuses on consumer electronics.
Nothing’s first product created in partnership with German company Teenage Engineering was Nothing ear (1), a truly wireless earbud, which provided great features, including active noise cancellation at a reasonable price.
The company had already raised about USD 15 Million in an initial round of funding from Google Ventures, which turned out to be very profitable. They sold around 1,00,000 units of the product in the first two months.
This success has allowed the company to join hands with U.S. chip manufacturing giant Qualcomm, which has helped Nothing raise an additional USD 50 Million (around Rs 376 crore) in series A funding from strategic and private investors. Nothing has further announced the partnership with Qualcomm via a Tweet:
We still don’t know how the partnership will affect Nothing’s future line-up of products; however, Qualcomm recently unveiled its AptX Lossless Bluetooth audio codec, which will probably be supported in the next iteration of Nothing earbuds. Apart from this, it is also a possibility that we might see a smartphone by Nothing that uses Qualcomm chips down the line, which would be very exciting to see.
What do you think about Nothing and Qualcomm’s partnership? Would you buy a smartphone made by Nothing if it is ever launched? Let us know in the comments below. Until then, stay tuned to Oyprice and subscribe to our YouTube channel for regular news and updates.