(Reuters) -London-based smartphone maker Nothing has signed a joint venture with Optiemus Infracom to expand manufacturing in India, the company said on Thursday.
Under the deal, Nothing and Optiemus will invest more than $100 million and create over 1,800 jobs in the world’s second-largest mobile phone manufacturer over the next three years, the company said, adding that it had already invested more than $200 million in the country.
It did not give details on where the facility would be located and its production capacity.
Nothing, founded in 2020 by the Swedish entrepreneur Carl Pei, launched its first smartphone in 2022, and has since expanded into earbuds and other devices.
In July, Pei said the company was the fastest-growing smartphone brand in India, with a more than two-fold ye