A Pepsi smartphone is arriving soon. Reports noted that a crowd funding project for the new handset is currently ongoing.

Via a crowd funding campaign on JD Financing, the Pepsi P1, together with the P1s variant is currently being sold. No official release date has been reported yet, but Vine Report noted that the crowd funding effort aims to gather funding for the manufacturing of the upcoming Pepsi P1 smartphone.

According to the site, this campaign is set to run only until Dec. 3 and its goal amount to raise is three million Yuan or $470,000 is US Dollars. According to official JD Financing, as of this writing, the campaign for the Pepsi P1 smartphone has now earned 1.3 million Yuan.

A report from Daily Mail noted that the early bird pricing for Pepsi P1 was $78, which quickly sold out. Others can choose from higher amounts such as $110 and $150 to show their support for the Pepsi P1.

Furthermore, the Daily Mail report shared that if the Pepsi P1 was able to hit its goal successfully before the campaign ends on Dec. 3, the smartphone will be officially launched with pricing at around $200. This will be available in China Unicom as the Pepsi P1S, a special FDD-LTE variant for the soda company's smartphone.

As for the specs of the Pepsi P1 smartphone, the mid-range 4G device will sport a 5.5-inch HD display. It will come with a 2 GB RAM and a possible 13-MP to 15-MP camera.

For the color variants, the Pepsi P1, the dual-SIM phone that is equipped with LTE-connectivity will come in blue, gold and silver. Daily Mail shared that that blue is "not very appealing" though.

The popular soda brand Pepsi partnered with Shenzhen Scooby Communication Equipment, the manufacturer for the phone, for the realization of the Pepsi P1. "We are pleased to share that Pepsi is working with a licensing partner to bring a line of mobile phones and accessories to market in China in the next few months," said the spokesman from PepsiCo.

"Pepsi has always moved at the speed of culture, and today technology is a key cultural pillar at the heart of consumer interaction," the spokesperson further added.

Watch the commercial for the Pepsi P1 below, which is originally posted on The Phone Commercials HD's Youtube account:

Regularly check back on Latin Post for updates about upcoming smartphones, such as the Pepsi P1.