OnePlus Two Expected In Q3 2015, Seeks Additional Funding From Silicon Valley

OnePlus, the maverick smartphone manufacturer that attempted to turn the world on its head, is in talks to obtain additional funding from Silicon Valley venture capitalists . The purpose: to increase and improve its manufacturing and talent. The company hopes to accomplish this before announcing the OnePlus Two. The company is already attempting to lure talent from the likes of Huawei, Xiaomi, and Lenovo.

It’s unknown how far in negotiations they are. However, the reputation of the company could be a factor in its efforts, given the public’s outcry concerning the OnePlus One. OnePlus is looking to change some of the negative press surrounding the actions the company has taken, like the highly controversial invite system along with manufacturing, and public relations issues. Nevertheless,  the OnePlus One was a big hit with people who received the phone.

In the last year, OnePlus succeeded in sales of over one million units, mainly overseas and in countries like the United States, Britain, and India. The company estimates sales of three to five million units in 2015 and hopes to double that to 10 million phones in 2016, while utilizing invites and online sales.

[blockquote author=”Peter Lau, OnePlus CEO”]”OnePlus also plans to increasingly focus on selling software and services to users of its phones”.[/blockquote]

The OnePlus Two is anticipated to be announced in Q3 of this year. The specifications of this handset are unknown as of this time. However, stay tuned as we inch closer to launch date.

Source: Bloomberg

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