Fourth generation
In 2018 the Malaguti family granted the Austrian group KSR the license to use the brand in order to launch new models. In 2018, KSR presented a new range of Piaggio-origin Malaguti-branded vehicles at EICMA; among these is the new Madison which is none other than the old Gilera Nexus/Aprilia SR Max of which KSR had acquired the production rights once it left the scene. The new Madison is therefore the result of a rebadge operation, that is, it differs from the original Nexus only for the front logo and for the fully digital instrumentation as well as for the 300 engine, of Piaggio origin and Euro 4 approved. Both the motor and the whole scooter are made in China from the Zongshen-Piaggio joint venture.
Rieju Cityline, the Spanish version
In 2012, the Spanish company Rieju acquired the assembly lines and the license for the Phantom and Madison models following the closure of the Malaguti plant in Castel San Pietro. The two models will be presented at EICMA 2013 and will be re-launched on the market from March 2014 in an updated version, assembled in the Catalan factory in Rieju and rebranded respectively Rieju RS 50 and Rieju Cityline.
The Cityline had slight aesthetic updates, the engines were of Piaggio origin and the braking system was updated with a new 260 mm front disc. It went out of production in 2017.

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