Sunswap, a clean tech startup aiming to decarbonise the cold chain by manufacturing a refrigeration system that breaks free from what it calls “legacy” technology, has secured £17.3m.
The company, based in Leatherhead, Surrey, has built an ‘Endurance’ unit for articulated lorries, which are large vehicles consisting of two main parts: a tractor unit and a semi-trailer.
These units are powered by solar and battery energy, with solar panels on the trailer roof. They also feature a cloud-based telematics system for real-time monitoring and control.
Sunswap aims to decarbonise cold chain logistics while providing a cost-effective alternative to diesel units, making it an attractive option for fleet operators.
The startup, founded by Michael Lowe, has already undergone commercial trials with Tesco and Müller, where it claims to have achieved better performance and a lower total cost of ownership compared to traditional diesel units.
The investment was led by BGF, with participation from Shell Ventures, Dutch venture capital fund Move Energy, and existing backers Barclays and Clean Growth Fund.
Funding will be used to expand production to meet growing customer interest, increase a nationwide service network, and further advance technological development.
This investment will accelerate the rollout of the startup’s low-carbon alternative to diesel-powered refrigeration across the UK and Europe.
Lowe, CEO of Sunswap said: “This funding will be instrumental in accelerating our growth and expanding our presence in the UK and European markets.
“It will enable us to ramp up production, support further customer trials, and invest in the development of our zero-emission technology. Together, we will work towards a cleaner, greener future for cold chain logistics, helping businesses meet their sustainability targets.”
