A further development was the Indian Velo 500, a limited-production run using a Velocette single-cylinder 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 Velocette Venom.