In the late sixties and early seventies midengined Sportscars were a hype and Piero Rivolta decided that Iso should built one too. It was going to be called the Iso Varedo after it's place of birth.

It was a reasonable light car with a body of fiberglass (75% fiberglass and 25% polyester). They used this material because it was cheaper and lighter than steel or aluminum. It was a car for those who asked for speed, handling and stunning looks. This was not a sporty coupé, this was a beast. An image-builder. Inside it was simple and basic like a racecar.

The car was not intended to replace the Grifo like some thought but to generate publicity for Iso and their other products. It was designed by Ercole Spada (Zagato) and Piero Rivolta and even today it looks up to date.
Power came from Ford, the 5.7 ltr. Ford 351 Cleveland engine with 325 hp combined with a 5-speed from ZF.

Iso only completed one Varedo. In 1973 Piero Rivolta sold the company to Dr. Ivo Pera and that was the end for the Varedo. He didn't want a new model and left the car in a corner of the factory were Piero Rivolta found it later, damaged and in pieces, after Iso had to close it's doors in December 1974 due to the oil-crisis. He bought the car and had it restored to it's present perfect condition. It can be seen at the Iso Museum in Sarasota USA.