UK-based, clean technology company, Sunswap, has secured £17.3 million through a funding round led by investment company BGF.
A pioneer in combined solar and battery technology for refrigerated trailers, Sunswap will use the funding to 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. In combination with a first-of-its-kind modular battery and energy-efficient system, the unit provides an emission free solution to power the trailer’s refrigeration unit.
The technology has undergone rigorous commercial trials with industry leaders and TIP Group has committed to a 12-month trial of the Endurance unit.
In other news, the Canadian government has stepped in to end the country’s rail strike