News

Lamborghini Countach Is Back As A Hybrid, And Nobody Can Buy It Anymore

All 112 units that Lamborghini will produce are sold out, and their owners will receive them in the first quarter of 2022.

Published

3 years ago

August 20, 2021

Joanna Melki

Lamborghini

There’s a handful of cars that virtually all people can recognize, and the original Lamborghini Countach, which was manufactured from 1974 to 1990 is among them. Now, the Italian automobile manufacturer is bringing the ‘80s icon back as a hybrid.

The new version is called the Countach LPI 800-4, and it’s supposed to honor the 50th anniversary of the original release. LPI stands for Longitudinale Posteriore Ibrido, or Longitudinal Posterior Hybrid in English. The number 800 is the total output of the hybrid powertrain (804 brake horsepower to be precise), and the number 4 indicates that the car uses a permanent four-wheel drive transmission.

lamborghini countach exterior front

Just like the original Countach, the hybrid successor has a naturally aspirated V12 engine, but the engine is assisted by a 48 V electric motor powered by the same supercapacitor technology used in Lamborghini’s Sián. Because the car is made out of carbon fiber and weighs just 1,595 kilograms (3,516 pounds), it can produce a 0–100km/h time of 2.8 seconds, a 0–200km/h time of 8.6 seconds, and a top speed of 355km/h.

lamborghini countach interior

lamborghini countach interior seats

But performance isn’t what the original Countach is remembered for — the distinctive angular and geometric styling is.

lamborghini countach exterior

lamborghini countach exterior rear

“The first Countach has been present in our Centro Stile as a model for some years now,” said Lamborghini’s design boss Mitja Borkert. “Whenever I look at it, it gives me goosebumps, and it serves as the perfect reminder for me and the entire design team to design every future Lamborghini in a visionary and futuristic way.”

Also Read: Dubai-Based Carasti Lets You Rent A Car For Up To Two Years

While the hybrid isn’t quite as angular as the original one (blame years of aerodynamic research), Lamborghini has successfully captured the essence of Countach and produced a car that every cyberpunk megacorp CEO would love to own.

lamborghini countach exterior mirror

But even if you’re actually are a CEO with over €2 million to spare, you can’t buy your own Countach LPI 800-4 because all 112 units (that’s how many Lamborghini is making) are sold out, and their owners will receive them in the first quarter of 2022.

News

Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

1 day ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.