Barclays' James Ferrier highlighted the financial and environmental benefits of adopting clean technology in the logistics sector, which is crucial for the UK's economic future.

Rowan Bird from BGF underscored the significance of Sunswap's TRU technology as a leading solution for sustainable logistics, aiming to reduce carbon footprints and operational costs.

Michael Lowe, co-founder and CEO of Sunswap, expressed enthusiasm for the support from BGF and Shell Ventures, emphasizing its importance for growth and market expansion in the UK and Europe.

Sunswap, a London-based clean-tech startup founded in 2020, has successfully raised over €20 million in funding, led by BGF, to enhance its zero-emission transport refrigeration technology.

The funding round attracted a consortium of investors, including Shell Ventures, Move Energy, Barclays, and the Clean Growth Fund, highlighting strong market confidence in Sunswap's innovative approach.

Proceeds from this investment will facilitate increased production, expand the service network, and drive further technological advancements for Sunswap.

Sunswap aims to decarbonise the logistics sector through its flagship product, the Endurance Transport Refrigeration Unit (TRU), which is fully electric and eliminates carbon emissions.

The Endurance TRU is a purpose-built electric refrigeration unit that operates without diesel, showcasing a significant shift towards sustainable cold chain logistics.

This innovative unit is powered by battery technology and features solar panels on the trailer roof, aiming to transform the global cold chain.

Commercial trials with major companies like Tesco and Müller have demonstrated that Sunswap's technology outperforms traditional diesel units in both efficiency and ownership costs.

Recently, Sunswap completed a successful 10-day trial of its technology with Moran Logistics, further validating its effectiveness in real-world applications.

Overall, Sunswap is committed to transforming the logistics industry by providing cleaner solutions that align with global sustainability goals.