Yota Devices is opening a pop-up shop in the Shoreditch area of London for the launch of Yotaphone 2, the new version of its dual-screen smartphone. The Android 4.4 phone features a 5-inch, full HD Amoled touchscreen as well as a 4.7-inch e-ink touch display on the back for displaying notifications and reading messages. The e-ink display uses less battery than a normal screen and can also be read in bright sunlight. Users can personalise the back screen to display the information they like.
The Yota 2 runs the Qualcomm Snapdragon 800 quad-core, 2.2 GHz processor and 2 GB RAM. It comes with 32 GB storage, a back 8 megapixel camera and front 2.1 megapixel camera, LTE Cat 4 support, NFC, A-GPS and Glonass, a 2,500 mAh battery and wireless charging. The Yotaphone is available initially in 20 countries and priced at GBP 555.
CEO Vlad Martynov said the company is in talks to raise around USD 100 million to support marketing of the phone worldwide. Talks are underway with a number of investors from several countries, he told the Financial Times. YotaPhone is about a quarter owned by Rostec, the Russian state-backed technology group. An additional stake is held by an investment fund representing the interests of internet entrepreneurs Sergei Adoniev and Albert Avdolyan, the founders of Scartel.