Sunswap is a UK-based startup founded in 2020, aiming to revolutionize the cold chain industry with its zero-emission transport refrigeration solution. The company's slogan "Decarbonising the cold chain with zero-emission transport refrigeration" captures its mission to offer an environmentally friendly and cost-effective alternative to diesel transport refrigeration.
Their disruptive approach involves the use of adaptive battery capacity, energy prediction, and solar power to deliver a more sustainable solution for the industry. This innovative technology has attracted significant attention, leading to a £17.30M Venture Round investment on 26 August 2024. Notably, this investment round involved prominent backers such as Shell Ventures, Clean Growth Fund, Business Growth Fund, Move Energy, and Barclays Corporate Banking.
With its focus on manufacturing, sustainability, and energy storage, Sunswap has positioned itself at the forefront of the green revolution within the transportation and logistics sector. The company's ability to attract substantial investment from industry giants underscores the potential impact of its innovative solution on decarbonizing the cold chain and reducing carbon emissions in the logistics industry.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Venture Round | £17.30M | 5 | Business Growth Fund, Move Energy +1 | 26 Aug 2024 |
Convertible Note | £4.00M | - | 06 Jun 2023 | |
Series A | £4.00M | 4 | Barclays Corporate Banking | 28 Mar 2022 |
Equity Crowdfunding | £501.35K | - | 15 Jan 2021 | |
Equity Crowdfunding | Unknown | 1 | 31 Mar 2020 |