• Bryan Keegan

Carl Pei's "Nothing" to launch wireless earbuds in coming months

Nothing, the company that Carl Pei came up with after leaving OnePlus, finally announced its first product.


Nothing logo in white color

Carl Pei or Pei Yu is a Swedish internet entrepreneur of Chinese origin. He co-founded OnePlus with Pete Lau in 2013 and was a former director of OnePlus Global. Pei left OnePlus in September 2020 to start other businesses in China after seven years with the company.


Nothing, the company that Carl Pei came up with after leaving OnePlus, finally announced its first product. In the coming months, the brand will release its first true wireless headphones.


Highlights


Wireless headphones are one of the first products released this year.

Raised $15 million in Series A funding led by GV.

More devices are expected to be released this year.


Funding details


Carl Pei - the co-founder of OnePlus

Karl Pei's upcoming consumer technology company, raised $15 million in Series A funding, led by GV, formerly known as Google Ventures.


The UK-based company adds that the latest funding will enable it to expand its team and operations and further invest in Research and Development (R&D).


"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.

This financing comes on heels of securing $7 million in seed financing from a clutch of prominent investors including iPod inventor Tony Fadell, Twitch cofounder Kevin Lin, Reddit chief executive Steve Huffman, PCH founder and chief executive Liam Casey, Cred founder Kunal Shah, prominent YouTuber Casey Neistat, Product Hunt chief executive Josh Buckley, and Web Summit founder Paddy Cosgrave.


Upcoming products


Nothing vs other brands

"Nothing" is developing a pair of wireless headphones along with a suite of smart, connected consumer electronics that is expected to debut later this year, according to a Bloomberg report.


“We’re building an ecosystem of smart devices,” Pei said in an interview Friday. “We’ll start with simpler products, wireless earbuds. We’re going to have multiple products throughout the year, not just audio products, and eventually we want to build it so these devices talk to each other.”


OnePlus tenure


OnePlus logo on back of smartphone

At the end of last year, Carl Pei left OnePlus after almost seven years with the company. It was during Pei's time at OnePlus that the company launched a series of notable Android phones - from the original OnePlus phone to the late OnePlus 8T. It is also believed that the development of a mid-range Android phone, OnePlus Nord, was closely monitored by Pei.


GV statement


GV (former Google Venture)

Pei’s “vision for smart devices is compelling,” Tom Hulme, General Partner at GV, said in a statement Tuesday. “We have high confidence that with Carl’s global mindset, the Nothing team will have a meaningful impact on the market for consumer technology.”


Competition


OnePlus true wireless earbuds

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. Nothing's new wireless earbuds are expected to take on the offerings from OnePlus as well.

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