Bultaco is back in the saddle with a new adventure bike thanks to an effort stemming from a fellow Spanish brand.If you buy from a link, we may earn a commission. Learn moreWell, folks, Bultaco is back (again). Following a series of interesting electric efforts after the brand's revival in 2014, the Barcelona-born outfit is now fielding its first gas-powered model in years: a new compact adventure bike.AdvertisementAdvertisementGranted, that statement comes with more than a few caveats. However, the fact that the Bultaco name is being put on a dirt-ready motorcycle and being used in competition during my lifetime is something that I can't help but be excited about.Bultaco has a storied competition history, especially when it comes to dirt pursuits. - Credit: Leonart MotorsBultaco's latest revivalThat's because Bultaco is a storied brand that dates back to 1958, and it was one of the most decorated off-road marques on two wheels during its heyday. From motocross to flat track, it built some bangers up until industrial unrest and market pressures forced its final closure in 1983.The Rally GT 300 is a Leonart under the body work, but I'm still glad to see the Bultaco name. - Credit: Leonart MotorsAs a result, though the promise of a new electric Pursang was exciting in its own right, I think the Rally GT 300 is a more realistic return for the brand. It arrives as a result of a partnership with Catalan-based outfit Leonart Motors, bringing Bultaco back to internal combustion after more than four decades. Now, it's worth noting that the base bike is actually a Leonart Rally 300 (more on that later), and it's really only the bodywork that makes it a Bultaco. Still, that's not to say that it looks any less compelling.An integrated dash cam and other promised tech ensure the little adventure bike is plenty modern. - Credit: Leonart MotorsAlong with the bold Spanish vibes, it also promises a highly approachable ride. Claimed curb weight tips the scales at 331 pounds, and output for the 292cc single clocks in at around 28 horsepower. AdvertisementAdvertisementMoreover, despite its small size and approachable price point, the bike touts some respectable tech. In addition to an integrated dashcam, Bultaco says it includes a 5-inch full TFT dash and full LED lighting… for €3,999 ($4,600).A sign of the timesOf course, if you're already familiar with Leonart, you'll know the brand also has its own complicated origins. Though its bikes are designed and engineered in Spain, they're manufactured and built in China.Bultaco isn't the only brand that's leaning on worldly manufacturing for a continued presence. - Credit: Leonart MotorsIt's something my colleague Steve Mazzucchi remarked on during the launch of the Racer 300 a few months ago. I'll echo his point: it's not so much a slight as it really is just a sign of the times.That's because there are countless brands that have returned thanks to their newfound Chinese economies of scale. From AJS and BSA to Morbidelli and Moto Morini, you'll find motorcycle companies all over the world are now more legacy in name than in manufacturing presence.The Rally GT 300 makes for a more fitting Bultaco return than an EV, even if it is based on another bike. - Credit: Leonart MotorsHowever, that's allowed some to exist today that would otherwise not. And besides, when you consider brands like Benelli, it means the brand can keep its bikes to a much lower price point despite bringing the same stirring looks.Availability and PricingAt this stage, Leonart and Bultaco have announced the Rally GT 300 for the Spanish market. As mentioned, it'll be priced from €3,999. AdvertisementAdvertisementWhile I won't be keeping my hopes up that it'll make its way to the United States, I've been pleasantly surprised before. Even if I'm not, I'll be happy to watch this one from the sidelines.Leonart x Bultaco Rally GT 300 Learn More About the Author: Gray is an associate editor at Gear Patrol, covering cars, motorcycles and anything else with wheels. When he's not chasing the latest industry news, he's probably wrenching on one of many projects. For better or worse, he believes classics make perfectly practical daily drivers.Want to stay up to date on the latest product news and releases? Add Gear Patrol as a preferred source to ensure our independent journalism makes it to the top of your Google search results.