The Velam Isetta was built by Véhicule Léger à Moteur under licence from ISO Rivolta at the Talbot factory at Suresnes in the years 1955 to 1958. They were licenced to sell the vehicles in France, Belgium and Spain. Iso had sold the tooling for the Isetta to BMW, so the French version differed in numerous details to the Italian machine.
Velam built at least 5 versions of the Isetta including a cabriolet, the Ecrin and racing and sports specials. Production figures vary, but it appears that around 7000 vehicles were built.
The Velam had the appearance of a 3-wheeler, but in fact it had two rear wheels, closely spaced.
Sources: Autopasion18.com, et al