The months of speculation and wait are finally over, Chinese handset maker OnePlus today launched its latest handset OnePlus 2 in world’s first virtual reality event.

The all-new One Plus 2 comes in two variants — 16GB and 64GB and is priced at Rs 22,999 and Rs 24,999 respectively.

The smartphone features a 5.5-inch full HD (1920x1080p) IPS LCD In-Cell display and runs on OxygenOS, based on the latest Android version Lollipop 5.1. OnePlus 2 is the first device to ship with OnePlus’ own operating system, OxygenOS. “With the OnePlus 2, we’re making a bet on the future, and doubling down on a holistic product experience,” said OnePlus co-founder, Carl Pei.

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It also comes with a fingerprint scanner that the company says is faster than the than the iPhone TouchID and lets you save up to five fingerprints.

This dual-sim smartphone is powered by 64-bit Qualcomm Snapdragon 810 SoC. It sports a 13MP rear camera, boasting of 6 physical lenses laser autofocus, dual-LED flash, f/2.0 aperture and optical image stabilization system. On front, the smartphone has a 5MP front camera.

The phone runs on a 3,300mAh battery, which is approximately 10% bigger than the 3,100mAh battery of the earlier model.

It also sports a reversible, USB Type-C connector. The highlight of the USB Type-C cable is that it’s reversible so you don’t need to check which side of the connector is up while inserting it. The Type-C port on the OnePlus 2 could allow file transfer speeds of up to 10Gbps and allows the smartphone to charge faster.

OnePlus 2 sports a magnesium frame and metallic buttons.

On the connectivity front, OnePlus 2 supports 4G, 3G, Wi-Fi, Bluetooth, and A-GPS. Other than the company’s classic Sandstone Black back cover, One Plus 2 will also debut StyleSwap covers namely, Bamboo, Black Apricot, Rosewood and Kevlar.

The 64GB OnePlus 2 will be available for purchase with an invite exclusively on Amazon, starting August 11 . The 16GB OnePlus 2 with 3GB LPPDR4 RAM will be available later this year.

Commenting on the launch, founder and CEO, Pete Lau said, “We chose premium materials, the highest performing components and forward-thinking technology to make this an unparalleled user experience.”