The V-150M was introduced in 1966 as a successor to the VP150. It used the same engine, but mounted centrally to give better stability. Final drive was by means of an enclosed chain. The model also utilized a tubular frame and had completely different bodywork. An updated model with electronic ignition was introduced in 1973. Production ceased in 1979 with over one million units being produced. However, an excess of new old stock allowed dealers to carry on selling complete scooters until 1989 and spare parts until 1999.