Maeving in the right direction: E-motorbike maker gears up exports with UKEF backing

Government-backed finance enables Coventry-based SME to scale up production and create jobs to meet growing export demand.

A West Midlands electric motorbike specialist has secured a £3 million trade finance facility, backed by UK Export Finance (UKEF), to export to new and growing markets around the world, supporting British supply chains and helping to cut emissions.

Coventry-based Maeving has received the trade financing from HSBC UK to invest in production capacity to meet growing demand in the USA, Germany and France, with plans to expand into further European markets in future.

Maeving is exactly the kind of innovative British business this Government is backing – one which will turn growing international demand into jobs in Coventry.

By backing brilliant companies like this, we’re helping support businesses to scale-up, grow the economy and drive growth in every postcode.

Founded in 2018 by Will Stirrup and Seb Inglis-Jones, Maeving has rapidly established itself as a leader in the British electric vehicle market. The company’s first model, the RM1, became the best-selling electric two-wheeler in the UK and last year the RM2 became the first British-made electric motorbike built for two.

The company began exporting to California, Germany and France in 2023. As international demand soared, Maeving faced a challenge common to many smaller businesses: the faster the company grew, the more cash it needed to fund production and fulfil orders.

After Maeving and UKEF representatives met at an Innovate UK event in early 2025, UKEF worked with HSBC UK – as the company’s bank – to agree the trade finance facility.