- Nothing CEO Carl Pei has announced the spin-out of “CMF by Nothing (CMF),” the sub-brand whose establishment was announced three years ago in August 2023, into an independent company with a majority of Indian capital.
- Moving forward, “CMF” will leave the umbrella of the London headquarters and make a fresh start as a purely Indian company, establishing its headquarters, independent management team, and Research & Development (R&D) facilities within India.
- Nothing will not completely withdraw from “CMF”; it will continue to participate as a major shareholder and strategic partner, consistently providing “CMF” devices with the “Nothing OS” development base, engineering technology, and global supply chain network.
On Monday, September 21, 2026 local time, Carl Pei (@getpeid), CEO of UK-based venture firm Nothing Technology (“Nothing”), announced the spin-out of “CMF by Nothing (CMF),” the sub-brand whose establishment was announced in August 2023 three years ago, into an independent company with a majority of Indian capital.
Moving forward, “CMF” will leave the umbrella of the London headquarters and make a fresh start as a purely Indian company, establishing its headquarters, independent management team, and Research & Development (R&D) facilities within India. However, Nothing will not completely withdraw from “CMF”; it plans to continue participating as a major shareholder and strategic partner, consistently providing “CMF” devices with the “Nothing OS” development base, engineering technology, and global supply chain network.
According to CEO Carl Pei, the decision to spin out “CMF” is aimed at elevating the Indian market from merely a manufacturing base and consumer region into a global platform with its own technology ecosystem. Driven by government initiatives, India now manufactures 99% of the smartphones sold domestically, having grown into the world’s second-largest smartphone manufacturing superpower.
However, there are still no domestic Indian brands with true R&D capabilities—ranging from the selection of core components and hardware thermal design to camera pipeline construction—meaning that technical IP (intellectual property) continues to rely on foreign countries. Therefore, by spinning out “CMF” as an independent company with a majority of Indian capital, the goal is to elevate the entire industrial ecosystem, including component manufacturers.
With a target sales scale of “100 million units per year,” “CMF” aims to capture the local youth market and abundant software talent as a company with decision-making and capital rooted in India. The specific timing of the “CMF” spin-out has not yet been announced.
Source: X