The Indian Velo 500 was a limited-production run of updated machines conceived by American entrepreneur Floyd Clymer in 1968, using a Velocette engine and gearbox with mainly Italian cycle parts, including a lightweight frame from the Italjet company, Marzocchi front forks with Grimeca front hub having a twin-leading shoe brake, Borrani aluminium rims and quickly-detachable tank and seat, resulting in a weight-saving of 45 pounds compared to the traditional Venom.