Harley-Davidson is known for its old-school bikes, but its latest one takes the cake.

(Harley-Davidson)

It’s an electric bicycle inspired by the brand’s very first motorcycle from 1903.

(Harley-Davidson)

The retro ride will be the first from a new e-bike company called Serial 1 Cycle Company that Harley-Davidson is launching in the spring.

The new company's name is inspired by Harley-Davidson's first bike: Serial Number One. (Harley-Davidson)

Harley-Davidson will hold a minority stake in the company, which it describes as an outsourced effort to expand into the segment

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Pricing and technical details will be revealed in November, but the bike features a black frame, white wheels, a leather seat and a toothed rubber belt instead of a chain.

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It won't be Harley-Davidson's first foray into battery-powered bikes, however. The brand launched the all-electric Livewire motorcycle last year.

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