Carl Pei the co-founder of OnePlus took his departure from OnePlus to start his new venture on the 2nd week of October, last year. The news was made official just after the official launch of the OnePlus 8T. Fast forward to the last week of January 2021, Carl Pei announced his new tech venture named Nothing. The company is described as a “London-based consumer technology company”.
The actual product/service lineup is yet not revealed but according to previous rumors, there is a good possibility that Nothing will start its product lineup with a few audio accessories like wireless earphones/headphones. Nothing also got a seed-funding amount of $7M in the month of December from notable tech leaders and investors like Tony Fadell, Casey Neistat, Tony Fadell, Kunal Shah, and later than Pei announced a $15M investment from Alphabet’s GV.
Now the latest report revealed that Nothing Technologies acquired Andy Rubin’s Essential Products. The report was first published by 9to5Google. Folks from 9To5Google found the filling at the UK Intellectual Property Office, which legally verifies that Essential Products is now owned by Carl Pei’s Nothing Technologies Ltd. The appliance was made back in November and therefore the process has been completed in the first week of January 2021. As per the records, the reassignment was made possible by changing the sole owner of the company from Any Rubin to Carl Pei, this means the trade was not done between the companies (Essential to Nothing), but people (Andy Rubin to Carl Pei). So, technically Carl Pei acquired the Essential under his own name, not the Nothing Technologies.
Meaning, all the prevailing trademarks, logos, and therefore the brand of Essential are the property of the Nothing brand. This is often a bit of exciting news because it presents the likelihood of folks seeing the return of the Essential Smartphones. Despite being not so successful, the concept and therefore the product (Essential PH-1) itself are specialized and there’s definitely potential here.
Well, this doesn’t mean that the Essential smartphones are taking the rebirth. According to 9to5Google, many employees already left the company to pursue other things, so Carl Pei will have access to all the canceled smartphones and other products but not the original team who made that possible. Well, we don’t know actually what Pei is going to do with this merge, but looking at OnePlus’ success and roadmap we can expect good things from Nothing Technologies as well.
If we take a look at the canceled lineup of Essential products before they shut down, Essential was working for many IoT friendly products like the smart home hub and wireless speakers, and also from previous rumors, Nothing is also working for wireless earphones and headphones, so there may be a link in these scenarios. As per the trademark, Nothing Technologies is going to or could mass-produce smartphones, TVs, laptops, various IoT, and audio devices. “We’re building an ecosystem of smart devices. We’ll start with simpler products like wireless earbuds. We’re going to have multiple products through the year, not just audio products, and eventually, we want to build it so these devices talk to each other”, said Carl.