Sunswap secures AUD $10 million investment to accelerate electric refrigeration across Australian fleets

Sunswap has secured a commitment of up to AUD $10 million from the Clean Energy Finance Corporation (CEFC), Australia’s specialist investment body. The funding will support the deployment of more than 100 Endurance units across Australian retail and logistics fleets, and follows Sunswap’s entry into its third continent of commercial operations.

The investment will fund the deployment of more than 100 Endurance units across Australian retail and logistics fleets, delivered through Protran Solutions, Sunswap’s Australian distribution partner.

Sunswap started 2026 with operations in UK, France and Netherlands before quickly expanding into Chile, Australia and Spain. The CEFC investment backs the next phase of Australian growth to meet growing operator demand.

Endurance is a fully electric refrigeration unit built from the ground up for trailer fleets, integrating modular batteries, trailer-top solar charging, and connected software into a single purpose-built system. In Australia, it completed a three-day route of 1,671km between Sydney and Brisbane – roughly the distance from Amsterdam to Madrid – without on-route charging, finishing with 62% battery remaining.

Michael Lowe, CEO and Co-founder of Sunswap, said: “Cold chain logistics has run on diesel for decades. The load stays cold, but everything that comes with it – the fuel cost, the maintenance, the absence of any operational data – has been accepted as unavoidable. It isn’t. Endurance changes that calculation, and the evidence is in the field: major fleets and retailers across Europe and South America already run on it. This investment puts more units on Australian roads, with the service infrastructure already in place to back them up.”

Malcolm Thornton, CEFC Head of Growth Capital, said: “Transport refrigeration is critical to Australia’s food and pharmaceutical supply chains. Supporting proven electric alternatives enables emissions reductions, improved air quality and lower operating costs for Australian businesses.”

Grant Turner, General Manager at Protran Solutions said:  “Australian refrigerated transport has put up with diesel’s costs and limitations for too long, not because operators wanted to, but because there simply wasn’t a credible alternative. Sunswap changes that. The Sydney to Brisbane trial run without recharging  it’s shows the technology actually performed in Australian conditions. This investment puts more of that capability on Australian roads, and I genuinely believe it’s the beginning of a significant shift for this industry”.Endurance currently operates across fleets including Tesco, DFDS, and Ocado in the UK, and Walmart Chile in South America.