Coventry-based electric motorcycle manufacturer Maeving has secured £11 million in funding to support growth
Mayor Richard Parker (left) with Coun Jim O’Boyle, Coventry City Council’s cabinet member for jobs, regeneration and climate changeAuthor: Frances Wall Published 48 minutes ago
Coventry-based electric motorcycle manufacturer Maeving has secured £11 million in funding to support growth and expand its international sales.
The package includes £500,000 from West Midlands Mayor Richard Parker through the West Midlands Co-Investment Fund, alongside private investors and a £3 million working capital facility from HSBC.
Maeving, located on Sibree Road, produces electric motorcycles that combine traditional design with modern technology.
The bikes feature removable batteries that can be charged from standard sockets, making them suitable for both commuting and leisure.
Around 75% of parts are sourced in the UK, supporting local supply chains and employment in Coventry.
The company’s RM1S model was named Electric Bike of the Year 2025, and Maeving’s UK sales are reportedly outperforming other electric models from international manufacturers.
Mayor Parker said: “Maeving represents the very best of West Midlands innovation. And there is nowhere better than Coventry, the original beating heart of the British motorcycle industry, for them to set up and write a new success story.
“Motorcycle production is a proud part of Coventry’s identity and this investment shows that the green industrial revolution is happening in the West Midlands, creating high-quality jobs for local people and cementing our place as a dynamic exporter and a leader in advanced manufacturing.”
Coun Jim O’Boyle, Coventry City Council’s Cabinet Member for Jobs, Regeneration and Climate Change, added: “Maeving is yet another brilliant green first for Coventry, building on our rich manufacturing heritage but with a clear focus on a green future.
“The team at Maeving is creating good jobs for local people and their ambition is matched by our vision to provide local people with transport options that are cleaner and greener.
“I’m sure this funding package will help them to pursue their growth plans which in turn will mean more good jobs at Maeving and the local supply chain. A proper win, win.”
