Chinese firm OnePlus made a splash last year with its One flagship smartphone. At $299 (now available for $249) off-contract price point, the OnePlus One smartphone offers top-of-the-line hardware specs, which helped it earn the title of "flagship killer of 2014" from critics and users alike. The company announces today that it will be launching a new flagship smartphone called the OnePlus Two next month.

The company says that it will be hosting an unusual VR event on July 27 at 10PM ET to launch the OnePlus Two. "In our industry, product launches tend to be the same. An auditorium, a keynote, and a seated audience. For the OnePlus 2 launch, we didn’t want that barrier between us and you," OnePlus wrote in a blog post today.

The OnePlus One was a sleeper hit, selling thousands of units in every flash sale. At sub-$300 price model, it was kind of a no-brainer to pick the One if you were looking for a high-end Android smartphone. The OnePlus Two, from what we have heard till now, is shaping up to be a remarkable phone. Earlier this month, the company announced that the OnePlus Two will be the first Android flagship to feature the Type-C port, a new USB standard. We also know that it will be powered by Qualcomm’s Snapdragon 810 chipset. The company assured users that its phone won’t have any heating issues.

When the phone launches next month, users will again be required to have an invite in order to purchase the phone. But the company has assured in the past that it is well prepared to tackle all the demands.