diff --git a/live-build/ubuntu-cpc/hooks.d/base/disk-image-uefi.binary b/live-build/ubuntu-cpc/hooks.d/base/disk-image-uefi.binary
index 5ff8fa33..6ba378ea 100755
--- a/live-build/ubuntu-cpc/hooks.d/base/disk-image-uefi.binary
+++ b/live-build/ubuntu-cpc/hooks.d/base/disk-image-uefi.binary
@@ -267,6 +267,11 @@ install_grub() {
                         chroot mountpoint rm -f /boot/boot.scr
                         ;;
                     "nezha"|"licheerv")
+                        local my_d=$(dirname $(readlink -f ${0}))
+                        echo "Reducing initramfs size for ${SUBARCH} board"
+                        mkdir -p mountpoint/etc/initramfs-tools/conf.d/
+                        cp ${my_d}/initramfs-tools/modules_list.conf mountpoint/etc/initramfs-tools/conf.d/
+                        chroot mountpoint update-initramfs -c -v -k all
                         echo "Installing U-Boot for ${SUBARCH} board"
                         # flash-kernel is needed to install the dtb for update-grub: it uses the
                         # /proc/device-tree/model value to pick the correct dtb and as we are in a chroot,
diff --git a/live-build/ubuntu-cpc/hooks.d/base/initramfs-tools/modules_list.conf b/live-build/ubuntu-cpc/hooks.d/base/initramfs-tools/modules_list.conf
new file mode 100644
index 00000000..99cb474f
--- /dev/null
+++ b/live-build/ubuntu-cpc/hooks.d/base/initramfs-tools/modules_list.conf
@@ -0,0 +1,6 @@
+# The Nezha and the LicheeRV boards do not have enough memory for an initrd with
+# most modules. Therefore the number of included modules has to be reduced.
+#
+# If further modules are needed, add them to /etc/initramfs-tools/modules.
+
+MODULES=list