Vicente Esteller Planell
Manufactured in 1950, it was fitted with a Cucciolo T3 60cc engine. The Cucciolo engine was the basis of the first complete Ducati motorcycle.
The example pictured is in the Medinabi Collection in Madrid. The marque is possibly referred to as VEP.
Vicente Esteller Planell Cucciolo T3
Source: Phil Aynsley.