Semi-analytical models of galaxy formation can be used to predict the evolution of the number density of early-type galaxies as a function of the circular velocity at the virial radius, v_{c,vir}. Gravitational lensing probability and separation distribution on the other hand are sensitive to the velocity dispersion (or circular velocity) at about the effective radius. We adopt the singular isothermal ellipsoid (SIE) lens model to estimate the velocity dispersion at the effective radius. We use radio lenses from the Cosmic Lens All-Sky Survey and the PMN-NVSS Extragalactic Lens Survey to study how the velocity dispersions, \sigma_SIE, are related to v_{c,vir}. When we include both the lensing probability and separation distribution as our lensing constraints, we find \sigma_SIE /(200\kms) = [(1.17_{-0.26}^{+0.40}) v_{c,vir}/ (200\kms)]^{0.22^{+0.05}_{-0.04}} for 200\kms \la \sigma_SIE \la 260\kms; at \sigma_SIE = 200\kms, the ratio \sqrt{2} \sigma_SIE / v_{c,vir} is about 1.65^{+0.57}_{-0.37} (68% CL) but decreases to 0.65_{-0.12}^{+0.15} (68% CL) for \sigma_SIE = 260\kms. These results are consistent with those of Seljak (2002) obtained from galaxy-galaxy weak lensing for galaxies of around L_*. However, our results clearly suggest that the ratio must vary significantly as \sigma_SIE is varied and are marginally discrepant with the Seljak results at \sigma_SIE = 260\kms. The scaling \sigma_SIE \propto v_{c,vir}^{0.22\pm 0.05} is broadly consistent with those from galaxy occupation statistics studies and the most recent galaxy-galaxy weak lensing study. (Abridged)