Produced in a numbered edition, as indicated by the plate located on the upper steering yoke, V7 III Racer is not only the most sporty of the range, but also the one with the most prestigious parts, that once again demonstrate Moto Guzzi's ability to create true custom models. There are numerous technical and aesthetic differences that distinguish it from the previous version and from the other V7 III models. As for the stylistic aspects, V7 III Racer introduces a new graphic for the satin finish chromium fuel tank where the red eagle is prominently displayed. This feature is reminiscent of the "Rosso Corsa" colour chosen to paint the frame and the swingarm: an explicit reminder of the first 1971 V7 Sport series, nicknamed "red frame". The V7 III Racer's sporty nature is emphasized by its semi-handlebars and its splendid, humped saddle. In accordance with tradition, the Racer has a single-seater sport bike look, but in reality, this new version is approved for two-up riding. In fact, it has pillion foot pegs and, as before, the seat cover can be easily removed when necessary. One of the most distinctive features of this "factory special" worth a mention is the widespread use of anodized black aluminium. This hand-crafted treatment, which requires superb artisan skill, characterises the new side panels and the throttle body guards, whereas the new front number plate is made of brushed aluminium. The spoked wheel rims have black channels and red Moto Guzzi stickers like the other sport models from the brand, including the Audace muscle bike. Other premium components that stand out are the set-back footpegs machined from solid billets, the lightened steering stem and the steering yoke guard. The most important technical innovation is constituted by the pair of Öhlins shock absorbers, adjustable in spring preload and in rebound and compression, that ensure tighter performance on the road in sport riding.