Essential Products Inc., the smartphone maker founded by the
creator of Google’s Android mobile software, confirmed it has a
new $300 million war chest as it prepares for the seemingly
insurmountable task of taking on Apple Inc. and Samsung
The startup on Wednesday unveiled the large roster of investors
taking a chance on it, including Chinese internet company Tencent
Holdings Ltd. and Amazon Inc.’s Alexa Fund. Essential also
disclosed that Best Buy Co. stores and Amazon.com Inc. will be its
retail launch partners in the U.S.
Curious if this explains the shipping delay on the first phone. Probably not.