Police have offered a $500,000 reward in the hunt for the person who shot a cyclist and left him for dead in north-east Victoria.

Key points: Mr Tennant still has problems with his eyesight and hearing as a result of his injuries

Mr Tennant still has problems with his eyesight and hearing as a result of his injuries Police believe the person responsible fled in a dark-coloured sedan

Police believe the person responsible fled in a dark-coloured sedan Investigators believe visitors from interstate may have useful information

Kelvin Tennant, who was 72 at the time, was riding his motorised bike along the Myrtleford-Everton Rail Trail when he was shot a number of times on February 18, 2017.

Two passing cyclists found Mr Tennant unconscious on the bike trail with gunshot wounds to his head and chest.

He was airlifted to hospital with life-threatening injuries and took months to recover.

Mr Tennant said he landed on the ground about three metres from the shooter.

"I find that a bit strange. He obviously had no regard for my life. He wanted to kill me," he said.

"I've thought since that time why didn't he walk over and … put the gun to my head and finish the job.

"Whether he got spooked and left the scene very quickly or thought he'd finished me off I don't know, but I'm here today to talk about it."

Two years later, the Ringwood man still has problems with his eyesight and hearing due to injuries he suffered in the shooting.

Mr Tennant suffered eye, chest and stomach injuries in the shooting. ( Supplied: Victoria Police )

Police are offering the reward for information that identifies the person responsible, who is believed to have fled the area in a dark-coloured sedan.

Investigators have not been able to determine why Mr Tennant was targeted.

"Kelvin was simply out enjoying riding his motorised bike along the rail trail when someone has tried to kill him," Detective Inspector Dean Thomas of Victoria Police said.

"At this stage we're unable to find any sort of motive. We've looked very, very hard at this, and worked tirelessly on it but unfortunately we cannot find a motive.

"We hope this reward can bring forward new information so we can find the person responsible and bring them before the courts."

Police said a dark sedan was seen leaving the area around the bike path near Everton. ( Supplied: Victoria Police )

'Someone who has no soul'

The shooting happened in the Bright and Myrtleford areas which are popular with tourists and Inspector Thomas said it may be that someone from interstate knows something.

"It's very possible that an interstate visitor on holidays in north-eastern Victoria that weekend has seen something but doesn't realise that what they know could be important," he said.

"The Myrtleford-Everton Rail Trail also attracts hundreds of cyclists during the warmer weather."

Mr Tennant played dead when he was shot while riding his bike. ( Supplied: Victoria Police )

Mr Tennant's daughter Natalie said her father deserved closure and she wanted the "horrible" person to be caught.

"[It's] someone who has no soul if they can do this to someone," she said.

"It's a big reward so I hope someone comes forward."

After recovering, Mr Tennant got back on the bike and rides up to 40 kilometres a day.

"Whatever we have to end up carrying in life — and we all have to probably have some burden at some time — we just have to make the most of what we've got and be positive," he said.