Optiemus Infracom, Nothing Form JV for CMF Products

Optiemus Infracom Limited has announced the execution of a binding term sheet with Nothing Electronics Private Limited to establish a Joint Venture (JV) for the commercialization and sale of CMF products, including mobile phones. The company will initially acquire a 51.1% stake in the proposed JV. This expanded partnership builds on their existing manufacturing JV and aims to develop India's first full-stack smartphone R&D capability. Optiemus will also participate in Nothing's upcoming Series A investment round for the CMF brand, positioning it as a majority Indian-owned entity. The JV signifies a deeper collaboration encompassing manufacturing, ownership, and R&D, aligning with India's 'Make in India' initiative and strengthening the country's technology ecosystem.