A cyclist has been seriously injured following a hit and run in Ringwood this afternoon.

The rider, 45, was hit by a car on the Mount Dandenong Road, near Federal Street, just before 2pm, a police spokeswoman said.

The injured cyclist's wrecked bike at the scene. Credit:Wayne Hawkins

Police later found the vehicle, believed to have been involved in the smash, burnt out at the rear of a pub carpark.

The silver Daewoo sedan was found torched at the rear of a pub overlooking Ringwood Lake off Mount Dandenong Road.

The injured man, from East Ringwood, has been taken to The Alfred hospital in a serious condition.

Police are at the scene and are looking for a male about 170 centimetres tall who was wearing a dark hat and a dark flanenelette jacket.

Anyone who may have witnessed the crash have been asked to contact Crime Stoppers on 1800 333 000 or go to www.crimestoppers.com.au