A West Midlands electric motorbike specialist has secured a £3m 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 and meet growing demand from the US, Germany and France

With the support of multi-million-pound trade financing guaranteed by UKEF, the business is set to create 13 new jobs as part of its local expansion plans. The company, which makes over 70% of its electric motorbike components in the UK, will also look to expand into further European markets in the future.

More information www.maeving.com