Italvega bikes were designed and hand-built within the noted Torresini workshop at the Torpado factory in Padua, Italy.

Torpado made a broad variety of bicycles for different uses (including worker, comfort, BMT, ATB, and even motorized).

[1] Lawee attended business school at Columbia University,[1] and in 1959 purchased Jones Bicycles, growing the single store into a multi-store chain.

[1] He sold the retail chain in 1965 to begin importing Bianchi and Legnano bikes,[1] and became the national distributor for Raleigh and Motobécane.

In 2017, the brand was re-registered in the Netherlands by Nicholas Hurenkamp, who is seeking to fund a production facility in March 2018 through crowdfunding.