Nothing (technology company)

Last updated

Nothing Technology Limited
Type Private
Industry Consumer electronics
Founded29 October 2020  OOjs UI icon edit-ltr-progressive.svg
Founders
Headquarters London, England, UK
Area served
Worldwide
Products Smartphones, earphones
Website www.nothing.tech

Nothing Technology Limited (stylised as NOTHING) is a consumer electronics manufacturer based in London, England. [1] It was founded by Carl Pei, the co-founder of Chinese smartphone maker OnePlus. Investors in the company include iPod inventor Tony Fadell, Twitch co-founder Kevin Lin, Reddit CEO Steve Huffman, and YouTuber Casey Neistat. [2] On 25 February 2021, the company announced Teenage Engineering as a founding partner, mainly responsible for the brand's design aesthetic and its products. Nothing's first product "ear (1)" was launched on 27 July 2021.

Contents

History

On 16 October 2020, Carl Pei, the co-founder of OnePlus, while working at OnePlus alongside Pete Lau, announced his resignation so that he could start a new venture. [3] Pei later raised up to $7 million from multiple investors to start up his venture including iPod inventor Tony Fadell, Twitch co-founder Kevin Lin, Reddit CEO Steve Huffman, and YouTuber Casey Neistat. [4]

Pei announced the company, Nothing, on 27 January 2021. [5]

On 15 February 2021, Nothing acquired the Essential Products trademarks and brand nearly a year after the company shut down operations. [6] [7]

On 25 February 2021, the company announced its first founding partner, Teenage Engineering, to produce the design aesthetic of the brand and its products. [8]

Nothing announced its first product on 27 July 2021, named the "ear (1)", which are wireless headphones. [9]

On 13 October 2021, the company raised up to $50 million and also announced a partnership with Qualcomm. [10]

On 9 March 2022, the same day that Nothing secured Series B financing, the company announced that it would hold a press conference on 23 March. [11] [12] During that event, the company announced its first smartphone, the "phone (1)". [13] [14]

On 10 December 2022, Nothing opened its first physical store in London's Soho district. [15]

In February 2023, during the Mobile World Congress (MWC) in Barcelona Nothing announced that their next generation of phones will be powered by the Snapdragon 8+ Gen 1. The announcement highlighted the increased power and device price of the next smartphone release. [16]

Investment

Investment rounds
Funding seriesNumber of investorsMoney raised (million)Date
Seed round8$79 December 2020
Series A1$159 February 2021
Equity crowdfunding1$1.325 February 2021
Series A7$48.513 October 2021
Series B6$709 March 2022
Equity crowdfunding1$6.64 April 2022

Products

Ear (1)

The Nothing ear (1). Nothing ear (1) earphone.jpg
The Nothing ear (1).

The Nothing Ear 1, stylised as the "ear (1)", is Nothing's first product. Announced on 27 July 2021, the Ear 1 is a set of wireless earbuds. The earbuds can be connected by Bluetooth and have up to 34 hours of battery life when used with the charging case, and up to 5.7 hours of battery life with ANC off; with 24 hours with the case used and up to four hours for the earbuds themselves with ANC on. The earbuds went on sale on 17 August 2021, at $99/£99/€99. [17] [18]

A Black version was also announced on 6 December 2021, and went on sale on 13 December. Nothing also announced on that day that the Ear 1 earbuds are now carbon neutral. [19]

On 18 October 2022, Nothing's CEO Carl Pei announced on Twitter that the Ear 1's price will be increased to $149 starting on 26 October 2022 due to an increase in costs. [20]

Phone (1)

On 23 March 2022, Nothing announced its first smartphone named the "Phone (1)". [21]

The phone runs on an Android-based operating system named Nothing OS and went on sale on 21 July 2022. [21] [13] [14] [22]

In June 2022, Nothing opened an invite-only pre-order for the "Phone (1)", which reached up to 100,000 registrations on the waiting list. [23] The device, which was unveiled on 12 July in London, features a Qualcomm Snapdragon 778G+ chipset and transparent design. [24]

Ear (stick)

Ear (stick) is a pair of earbuds Nothing released on November 4th, 2022. It is the second part of the Ear family and a lower tier version of Ear (1), and does not include noise cancellation, transparency mode, or wireless charging. Ear (stick) launched at a price of $99. [25] [26] [27] [28]

Ear (2)

In March 2023, Nothing announced the release of their second-generation earbuds, the Nothing Ear (2). These new earphones support the LHDC 5.0 low latency HD audio codec and come equipped with 11.6 mm speakers, similar to its predecessor. The earbuds were launched on March 22, 2023. [29] [30] [31]

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References

  1. ↑ Alex Pell (30 June 2022). "Can Nothing's cheaper handset really rival the iPhone?". Standard.co.uk. Retrieved 17 July 2022.
  2. ↑ "Nothing phone quirky design aims to light up market". BBC News. 12 July 2022.
  3. ↑ Singh, Manish (16 October 2022). "OnePlus co-founder Carl Pei confirms he has left the company". TechCrunch. Yahoo. Archived from the original on 23 March 2022. Retrieved 23 March 2022.
  4. ↑ Singh, Manish (9 December 2022). "OnePlus co-founder Carl Pei raises $7 million for his new venture". TechCrunch. Yahoo. Archived from the original on 23 March 2022. Retrieved 23 March 2022.
  5. ↑ Porter, Jon (27 January 2021). "OnePlus co-founder Carl Pei's next company is literally called Nothing". The Verge. Archived from the original on 8 June 2021. Retrieved 8 June 2021.
  6. ↑ Wilde, Damien (15 February 2022). "Essential is now officially owned by Carl Pei's Nothing Technologies". 9To5Google. Archived from the original on 23 March 2022. Retrieved 23 March 2022.
  7. ↑ Seifert, Dan (15 February 2022). "Nothing company now owns the Essential brand, for some reason". The Verge. Vox Media. Archived from the original on 23 March 2022. Retrieved 23 March 2022.
  8. ↑ Porter, Jon (24 February 2021). "Nothing taps Teenage Engineering to design upcoming products". The Verge. Archived from the original on 29 June 2021. Retrieved 8 June 2021.
  9. ↑ "Nothing launches its Ear 1 wireless earbuds with a transparent design". xda-developers. 27 July 2021. Archived from the original on 31 July 2021. Retrieved 31 July 2021.
  10. ↑ "Carl Pei's Nothing raises $50 mln, partners with Qualcomm". Reuters. 13 October 2021. Archived from the original on 25 March 2022. Retrieved 26 March 2022.
  11. ↑ "Nothing locks $70M Series B financing, and announces 23 March event" (Press release). Nothing Technology Limited. 9 March 2022. Archived from the original on 13 March 2022. Retrieved 26 March 2022.
  12. ↑ Heater, Brian (9 March 2022). "Money for Nothing and chips from a Series B". TechCrunch. Yahoo. Archived from the original on 25 March 2022. Retrieved 26 March 2022.
  13. 1 2 "Nothing phone (1) Coming Summer 2022" (Press release). Nothing Technology Limited. 23 March 2022. Archived from the original on 24 March 2022. Retrieved 26 March 2022.
  14. 1 2 Brown, C. Scott (23 March 2022). "Nothing Phone 1 is company's first phone, landing with Android-based Nothing OS". Android Authority. Archived from the original on 25 March 2022. Retrieved 26 March 2022.
  15. ↑ Weatherbed, Jess (9 December 2022). "Take a look at Nothing's first permanent physical store". The Verge. Retrieved 10 December 2022.
  16. ↑ Snelling, David (1 March 2023). "Nothing matches Samsung's Galaxy with surprise Android phone reveal". Express.co.uk. Retrieved 1 March 2023.
  17. ↑ Jon, Porter (27 July 2022). "Nothing officially reveals its $99 Ear (1) true wireless earbuds". The Verge. Vox Media. Archived from the original on 24 March 2022. Retrieved 24 March 2022.
  18. ↑ "Here Comes a Sound of Change - Nothing ear (1)" (Press release). Nothing Technology Company. 2 August 2021. Archived from the original on 21 November 2021. Retrieved 24 March 2022.
  19. ↑ "Nothing Announces ear (1) Carbon Neutrality and a New Black Edition" (Press release). Nothing Technology Company. 6 December 2021. Archived from the original on 26 March 2022. Retrieved 24 March 2022.
  20. ↑ Moon, Mariella (18 August 2022). "Nothing raises the price of its Ear 1 buds to $149 citing increased costs". Engadget. Yahoo.
  21. 1 2 Porter, Jon (23 March 2022). "Nothing's First Smartphone is Aimed at Apple, Not OnePlus". The Verge. Vox Media. Archived from the original on 23 March 2022. Retrieved 23 March 2022.
  22. ↑ Porter, Jon (12 July 2022). "Nothing officially announces flashy Phone 1, starting at £399". The Verge. Vox Media.
  23. ↑ "After 2 Days, 100,000+ People Have Pre-Ordered The Nothing Phone (1)". ScreenRant. 27 June 2022. Retrieved 1 July 2022.
  24. ↑ "Exclusive: Nothing Phone (1) uses mid-range Snapdragon 778G+ chip". 4 May 2022. Retrieved 5 July 2022.
  25. ↑ Sparrow, Mark. "Nothing Launches Ear (stick) Wireless Earbuds With A Stylish Cosmetic Twist". Forbes. Retrieved 18 March 2023.
  26. ↑ Scarrott, Becky (28 October 2022). "Nothing Ear (Stick)". TechRadar. Retrieved 21 February 2023.
  27. ↑ Porter, Jon (28 October 2022). "Nothing Ear Stick review: fewer features, more polish". The Verge. Retrieved 21 February 2023.
  28. ↑ "Nothing Ear (Stick) Review: The stylish AirPod rival". BBC Science Focus Magazine. Retrieved 18 March 2023.
  29. ↑ Phelan, David. "Nothing Ear (2): Founder Carl Pei Teases Secrets Of The Next Cool Earbuds". Forbes. Retrieved 18 March 2023.
  30. ↑ Malhotra, Vanshika (15 March 2023). "Nothing Reveals Details About the Ear (2) Ahead of Launch". Beebom. Retrieved 18 March 2023.
  31. ↑ "Nothing Ear (2) India price tipped ahead of March 22 launch, here is all we know". India Today. Retrieved 18 March 2023.
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