- Carl Pei confirmed that the wireless earbuds is one of the first products launching this year.
- Nothing brand also raised new funding from GV.
- The London-based Nothing venture is expected to launch more devices later this year.
Nothing, the venture that Carl Pei has come up with after leaving OnePlus, has finally announced its first product. The brand will be launching wireless earbuds this summer.
On Tuesday, the company also announced it raised $15 million in a Series A funding round. Nothing shared the news on Twitter and confirmed that the funding was led by GV, which offers venture capital funding to new companies. Last week, Pei teased the announcement of the product on Twitter.
"We are happy to announce that we have raised $15 million in a Series A funding round led by @GVteam propelling us forward on our journey," the company tweeted on Tuesday.
Carl Pei announced his exit from OnePlus who he co-founded late last year. Pei last month announced the name for his all-new venture which gathered a lot of buzz.
Talking to Bloomberg, Carl Pei confirmed that the wireless earbuds would be just a start of the ecosystem as he plans to build a suite of connected products. He revealed that the wireless earbuds would be launching first with other devices to follow later in the year.
He further clarified that Nothing will be working on simpler products to start with and will not eventually work on only audio products. Pei said that he wants to build devices that can "talk to each other."
The confirmation about wireless earbuds from Nothing will mean that it would take on a host of rival products from Apple, Samsung, Bose, Sennheiser, Sony, and more. Interestingly, OnePlus has also launched truly wireless earbuds that are available in the market. Nothing's new wireless earbuds are expected to take on the offerings from OnePlus as well.
In December, Carl Pei raised $7 million in seed financing. The seed investment financing came from investors like Tony Fadell (Principal at Future Shape & Inventor of the iPod), Casey Neistat (YouTuber), Kevin Lin (Co-founder of Twitch), Steve Huffman (CEO of Reddit), Liam Casey (Founder and CEO, PCH), Paddy Cosgrave (Founder of Web Summit) and Josh Buckley (CEO of Product Hunt). Cred founder Kunal Shah has also invested in Nothing, the new venture from Pei.
Pei has been featured in Forbes 30 Under 30 as well as Fortune 40 Under 40. In 2013, Pei co-founded OnePlus at the age of 2014.