Increasing popularity of GT-racing created an interest with Ferrari customers to race the 360 Modena. Ferrari specialist Michelotto set out to design a full blown GT version of the Modena, which complied with FIA and ACO regulations, making it eligible for endurance races. Built in sufficient numbers the 360 Challenge car was used as a base for the GT racer. The first seventeen examples built in 2001 and 2002 were modified Challenge cars. A second series of twenty examples were constructed in 2002 and 2003 by Ferrari and Michelotto and were built from the ground up as racing cars.