TLDR:
- Sunswap, a UK-based clean-tech startup dedicated to revolutionizing cold chain logistics, has secured over €20 million in funding led by BGF.
- The investment will accelerate the deployment of Sunswap’s zero-emission transport refrigeration technology across the UK and Europe.
Sunswap, a London-based startup focusing on clean technology, has successfully raised over €20 million in a funding round led by BGF. The company is dedicated to revolutionizing cold chain logistics by decarbonizing the industry. Sunswap has developed a combined solar and battery technology that is installed on trailer units of articulated lorries, providing a low-carbon alternative to traditional diesel-powered refrigeration units. This funding, secured from investors including BGF and Shell Ventures, will be used to advance the development and production of Sunswap’s zero-emission Transport Refrigeration Units (TRUs).
The company’s flagship product, the “Endurance” TRU, is a fully electric solution that eliminates carbon emissions while offering cost-effective refrigeration options for fleet operators. Equipped with solar panels and a telematics system for real-time monitoring, the Endurance units have already proven their value in commercial trials with industry giants like Tesco and Müller. The funding will allow Sunswap to scale up production, expand its service network, and further develop its technology to meet increasing demand in the UK and European markets.
With the support of investors like BGF, Shell Ventures, and the Clean Growth Fund, Sunswap is poised to lead the way in providing cleaner, greener solutions for cold chain logistics that align with global sustainability goals. The company’s innovative technology and commitment to sustainability have positioned it as a key player in the evolving logistics industry.
