Former OnePlus Co-founder Raises $7 Million for New Hardware Venture - Android

In October this year, OnePlus’s co-founder Carl Pei confirmed his departure from the smartphone company to start a new venture… Read More

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In October this year, OnePlus’s co-founder Carl Pei confirmed his departure from the smartphone company to start a new venture of his own. This came as a shock since Pei has been the face of the company since its inception.

Almost two months after breaking the news, Pei has now announced that he was able to raise $7 million from a roster of high-profile investors for his new hardware venture. The entrepreneur named a few well-known people who have invested in his startup. These are:

• Tony Fadell, Principal at Future Shape and inventor of the iPod
• YouTuber Casey Neistat
• Kevin Lin, co-founder of Twitch
• Steve Huffman, chief executive of Reddit
• Liam Casey, founder, and chief executive of PCH
• Paddy Cosgrave, founder of Web Summit
• Josh Buckley, chief executive of Product Hunt
• A group of former and current Stockholm-headquartered Truecaller employees Kim Fai Kok, Nick Dahl, and Zakaria Hersi.

As far as the nature and name of the startup are concerned, Pei remains tight-lipped. Nevertheless, he has promised that he will spill the beans early next year. However, he did reveal that he plans to use the fresh capital to set up an office in London, hire talent, and fund product research and development.

According to TechCrunch’s sources, the venture will focus on audio-related hardware at the start.

Talking about his venture, Pei said,

I am deeply grateful and tremendously excited to have friends of this caliber supporting us in building what’s next. We plan on moving aggressively against our vision and can’t wait to see how the market will react.

As far as OnePlus is concerned, the Chinese company is still avoiding questions regarding its ownership.

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