Coventry-based electric motorcycle retailer Maeving has secured £1 million of new funding. The company's new RM1 model, which was launched in June, is a British designed and built electric motorbike aimed at the urban commuter.
This new funding will support the business in its early stages of growth by providing working capital to assist with the launch of the RM1.
It will also use the money to recruit marketing and engineering staff to promote the RM1 and develop more products.
