Panmure Liberum acted as Financial Adviser for Sunswap in £17.3m Series B funding round

The investment, which was led by BGF, will accelerate the rollout of the low carbon alternative to diesel powered refrigeration across the UK and Europe. In addition to BGF, the investors include Shell Ventures, Dutch venture capital fund Move Energy, and existing backers Barclays and Clean Growth Fund.

Sunswap’s Endurance transport refrigeration unit is a fully electric solution that combines advanced battery technology, solar power, and rapid charging. Sunswap’s technology has already proven its value in commercial trials with industry giants such as Tesco and Müller, where it demonstrated superior performance and a lower total cost of ownership compared to traditional diesel units. The company’s growing customer base includes notable names such as equipment services provider TIP Group and shipping and logistics giant DFDS.

For further information, please visit https://sunswap.co.uk/