• The Ælla-60 is powered by a 3.6-liter naturally-aspirated V8 that delivers 473 hp.
  • Anthony Jannarelly’s creation shares similarities to the recent Caterham Project V.
  • An Italian firm will manage production, provided Jannarelly secures over five orders.

This is the curiously named Ælla-60, a new exotic player that started life as a Ferrari 360 Modena, a model produced between 1999 and 2005. It comes from Caterham’s chief designer, Anthony Jannarelly, through his Art Machines venture. And like most high-end restomods, it carries a staggering price tag.

While the company hasn’t explicitly confirmed the Ælla-60’s foundations, it has stated that the car features an aluminum chassis and a mid-mounted 3.6-liter naturally aspirated V8. That strongly suggests it shares its underpinnings with the Ferrari 360. The V8 is paired with a six-speed manual transmission, and Jannarelly claims it delivers 473 hp, quite a jump from the 360’s original 395 hp.

Read: Jannarelly Design-1 Goes On Sale In The UK, Prices Start From £86,000

As you can tell, this thing looks nothing like a Ferrari; in fact it looks more like the recent Caterham Project V concept. Jannarelly joined Caterham a couple of years ago to help design its future products, which should explain some of the similarities. The French designer is also behind the Lykan Hypersport and Fenry Supersport from W Motors.

Seductive curves and a large grille reminiscent of race cars from the 1950s and 60s immediately make the Al-lahdash-sixty (?) stand out. It has sexy front fenders, a flowing roof, and butterfly doors and it actually looks utterly gorgeous. The exterior features simple round LED taillights, gold-colored accents, twin tailpipes, and a pronounced diffuser.

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There’s a lot to like about the Ælla-60’s interior. It has a refreshing number of analog gauges and dials as well as physical toggle switches. The exposed shifting linkage also catches the eye as does the simple three-spoke steering wheel and carbon fiber-backed bucket seats.

Jannarelly says the car tips the scales at just 1,130 kg (2,491 lbs) and can reach 62 mph (100 km/h) in an impressive 3.5 seconds.

All of this style and performance comes at a cost. Prices will start at €865,000 (~$898,000) before taxes and production will only begin if Jannarelly locks in five orders. If that happens, a further 55 examples could be built by Podium Advanced Technologies in Italy, already tasked with manufacturing the Eccentrica Diablo and Porsche 928 Nardone.