According to The Verge, the teaser to the phone series reveals that the phone will come with a Snapdragon 5G 765 processor.
Though the company had earlier made announcements about the design of the phone, the video gives more clarity about its look.
The arrangement of its triple camera array on the back has been termed as the 'raindrop' design, reported The Verge.
The trailer also reveals that Velvet comes with a 3.5mm audio jack and a teardrop notch.
The smartphone will be available in four options of colours - black, white, green and a new hybrid of pinkish-orange.
( With inputs from ANI )