Nothing on Wednesday introduced that it had finished a Series A extension investment of $50 million (more or less Rs. 376.20 crores) from strategic and personal traders together with Swedish DJ duo Axel and Christofer Hedfors and Sebastian Ingrosso. The London-based corporate led by way of OnePlus Co-Founder Carl Pei additionally introduced its partnership with Qualcomm Technologies to make use of its Snapdragon platform for powering long term tech gadgets. Nothing began its adventure by way of introducing the Ear 1 true wi-fi stereo (TWS) earbuds previous this yr.
The investment can be used against analysis and building (R&D) in preparation for Nothing’s access into new product classes, the corporate mentioned in a commentary.
Nothing has no longer published information about its subsequent providing but. However, the corporate instructed that it might amplify its product lineup by way of including new attached gadgets via its partnership with Qualcomm.
“Seamless connectivity is paramount to achieving our vision of a future without barriers between people and technology,” mentioned Carl Pei, CEO and Co-Founder of Nothing. “We look forward to working alongside Qualcomm Technologies and our strategic investors to achieve Nothing’s next phase of growth.”
Qualcomm has a spread of Snapdragon chipsets that Nothing would be capable of use to allow wi-fi connectivity on its long term gadgets. It is, regardless that, unclear whether or not the younger corporate is in a position to go into the fast-growing smartphone marketplace without delay or has plans to convey some Internet of Things (IoT) gadgets within the preliminary degree.
“We are excited to help Nothing bring to life its highly anticipated ecosystem of tech products,” mentioned Enrico Salvatori, Senior Vice-President and President, Qualcomm Europe/MEA. “By combining the power and efficiency of Snapdragon mobile platforms with 5G connectivity across many different categories of devices, we are fostering the development of innovative products that are intended to benefit consumers and deliver richer, more immersive experiences.”
Carl Pei left OnePlus closing yr to begin Nothing as his new challenge. In July, the corporate brought the Nothing Ear 1 as its first tool. The earbuds be offering an eye-catchy clear construct along providing options reminiscent of lively noise cancellation and cross-platform beef up.
In the 2 months since their sale started, the Nothing Ear 1 earbuds have surpassed world shipments of 100,000 devices. They additionally received a price cut right through the hot Flipkart Big Billion Days sale.