Overview
- A plan announced Monday moves CMF out of London‑based Nothing into a standalone, India‑headquartered company with majority Indian ownership.
- Optiemus Group is reported to take roughly a 51.1% stake and will join CMF’s upcoming Series A to deepen an existing manufacturing partnership.
- Nothing will retain a minority stake and act as a technology and brand partner while CMF establishes its own Indian team and end‑to‑end R&D.
- The restructure builds on the September 2025 Nothing‑Optiemus JV that pledged more than $100 million and about 1,800 jobs and is designed to let CMF use India incentives such as the MPMS to scale.
- Company statements say CMF aims to turn manufacturing scale into local engineering and reach about 100 million annual shipments, but detailed ownership terms, financing and timelines remain to be finalised and will test sustained R&D investment and supplier co‑development.