Coventry-based electric motorbike maker Maeving secured a £3 million trade finance facility from HSBC UK, backed by UK Export Finance, according to a government press release published on 12 August 2026. The company said the financing would fund production capacity for demand in the USA, Germany and France, with plans to expand into further European markets in future.

The release stated Maeving is to create 13 new jobs as part of local expansion plans, and that over 70 per cent of bike components are made in the UK. Founded in 2018 by Will Stirrup and Seb Inglis-Jones, the company began exporting to California, Germany and France in 2023. UKEF said it worked with HSBC UK on the facility after representatives met Maeving at an Innovate UK event in early 2025.

Trade Minister Anas Sarwar described Maeving as the kind of innovative British business the government is backing. UKEF said that over the last financial year it provided over £11 billion in loans, guarantees and insurance, supporting up to 85,000 jobs and contributing up to £6.4 billion to the economy.