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flag Nothing spins off CMF into an Indian subsidiary, investing $100M and creating 1,800 jobs.

flag Nothing is spinning off its budget sub-brand CMF into an independent Indian subsidiary, with CEO Carl Pei announcing the move on September 25, 2025. flag Based in India, CMF will serve as a global hub for research, development, manufacturing, and marketing, backed by a joint venture with Indian manufacturer Optiemus. flag The company plans to invest over $100 million and create more than 1,800 jobs in India over three years, supporting India’s Make in India and Atmanirbhar Bharat initiatives. flag The shift follows a $200 million Series C funding round that valued Nothing at $1.3 billion. flag CMF’s first over-ear headphones are set to launch September 29, continuing its strategy of affordable tech. flag The move highlights India’s growing role in global consumer electronics innovation and production.

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