A Velocity is a canard-type kit plane that has its roots in designs by Burt Rutan. If you haven’t seen a plane like this, you might be a bit surprised by its shape. There are a couple unusual features of this type of plane. Firstly, the engine is in the rear. This is often called a “pusher” plane for obvious reasons. Secondly, its elevator (the control surface that allows the plane to climb/descend) is in the front of the plane and the wing that provides the majority of the lift is in the rear. The Velocity is very similar to the Cozy IV (also a Burt Rutan inspired canard plane). Someone who was not all that familiar with these planes could easily get them confused. The major differences between the Velocity and Cozy are in their construction. The Cozy IV is a plans-built plane. There is a set of plans available, but you need to order the raw materials and build the entire plane yourself from scratch. The Velocity comes as a kit with many of the major parts constructed or partially constructed. In addition to having many of the big parts pre-fabricated, it also comes with all the hardware you need to complete the airframe. The Velocity’s interior is quite a bit different than the Cozy as well. It is typically equipped with four bucket seats and has gull-wing doors for easy entry whereas the Cozy has hard-mounted bucket seats and a clam-shell entry.
Like most Burt Rutan inspired planes, the Velocity is composite construction (i.e. fiberglass and foam). This construction technique produces a very strong but light airframe.
More info about the Velocity can be found here: http://velocityaircraft.com