Charge Cars is one step closer to making its modern, luxurious, all-electric take on the 1967 For Mustang. The company announced today that it has been awarded a license for the use of “trade dress” associated with the 1967 Ford Mustang Fastback.

A legend in its own time, the car is a design icon, and original cars can be left untouched thanks to this agreement with Ford. That’s because the license issuance means that Charge Cars can fully make its all-electric Mustang itself.

“This agreement allows us to design and manufacture the ’67 fully in-house,” the company said in a statement. “This partnership is a major step, giving us the confidence to keep pioneering innovative solutions and pushing the boundaries in automotive and technology.”

Read: Charge Cars Bringing Its Impressive Electric AWD 1967 Ford Mustang To The USA

 Charge Cars Gets Ford License To Build Electric ’67 Mustang, And It’ll Be Epic

The Charge Cars ’67 is an all-electric take on the 1967 Ford Mustang that has a 63 kWh battery pack and four electric motors. Together, they combine to offer drivers a total of 536 hp (400 kW/543 PS) and 1,106 lb-ft (1,500 Nm) of torque.

That allows the car to hit 60 mph in just 3.99 seconds, and to run for up to 200 miles (322 km) per charge. Its plurality of engines also means that it has actual torque vectoring, which will help it get around a corner as well as it gets up to highway speeds.

In order to do all of that, Charge Cars needs to be able to make as much of the ’67 as possible, including the body panels, out of lightweight composites — something it can now do thanks to this deal.

Not really concerned with originality, the car also features LED headlights and a bespoke, modern interior. With bucket seats, a steering wheel with buttons, and an infotainment screen, you might confuse it for a modern car from the driver’s seat. Charge Cars plans to build just 499 examples of the ’67 with prices starting at £350,000 ($428,634 USD at current exchange rates).

“This milestone is a testament to the continuous hard-work of our great Team, and it brings us closer to delivering a luxury vehicle entirely in its own class,” said Vadim Shagaleev, CEO & Co-founder, in a statement.