London, UK: Sunswap, which makes an electric trailer fridge, has gained an additional £3m investment from Barclays and Clean Growth Fund.
Sunswap’s zero-emission refrigeration technology , which DFDS is trialing, has the potential to make a major contribution to the decarbonisation of the cold supply chain, the company says.
Stephen Price, investment director, Clean Growth Fund said: “Cold chain owners and operators are under increasing pressure to decarbonise their operations and mitigate the rapidly increasing cost of operating highly polluting, diesel-powered refrigeration units.
“Sunswap’s technology provides a compelling and cost-effective clean solution and given the scale of the market opportunity, the environmental benefits of their refrigeration units are significant. We are therefore incredibly excited about Sunswap’s prospects for future growth, and through our investment, support their journey to commercialisation.”
Michael Lowe, chief executive, Sunswap said: “The logistics industry in the UK and globally is in the process of transitioning to using fully zero-emission technology for their transport refrigeration requirements. At Sunswap, we already have a working, cost-effective solution that is currently being used on UK roads to accelerate this transition.”
