Fundraising Fox

Sunswap

Leatherhead, GB Β· Founded 2020 Β· 103 employees on LinkedIn Β· 7 known investors

Sunswap designs and manufactures electric, zero-emission transport refrigeration units (its "Endurance" product) for logistics fleets and retailers, aiming to replace diesel-based refrigeration in the cold chain. The company serves transport operators and retailers across the UK and Europe, with intelligent connected systems that provide real-time performance data.

Also known as Sunswap Ltd Β· SUNSWAP LTD

Founders & leadership

Sunswap was founded in 2020 by Nikolai Tauber.

NTNikolai Tauber
Nikolai Tauberin
MLMichael Lowe
Michael Lowein
ASAndrew Sucis
Andrew Sucisin

Investors Β· 7

Also in the syndicate Β· 2

BarclaysBGFlead

Company profile

researched Aug 2026

Sunswap is a British manufacturer of electric transport refrigeration units (TRUs) for temperature-controlled road transport. Its sole product, Endurance, is a battery-powered refrigeration unit that can be mounted on any brand or type of trailer or temperature-controlled truck body, recharged from shore power at a depot or truck stop, and topped up by solar panels installed on the vehicle roof. The company states run times from a single charge of 24+ hours frozen, 2+ days multi-temperature and up to two months chilled, with solar generating up to 80% of power requirements year-round. Single, dual and triple temperature configurations are offered via a range of satellite evaporator units, supporting fixed or sliding bulkheads and lane compartments.

The company positions Endurance against diesel TRUs and against PTO/axle-regeneration hybrid systems, claiming zero CO2, NOx and particulate emissions, operating cost savings of up to 81% and total cost of ownership savings of up to 43%. Units are connected: Sunswap cites roughly 1,000 real-time data points per unit, predictive diagnostics and over-the-air software updates, packaged with an aftermarket and fleet-visibility offering branded Sunswap Shield. Production is carried out at the company's Leatherhead, Surrey facility, where assembly, parts storage and commissioning are co-located and tracked through a bespoke digital platform; batteries, refrigeration components and solar panels are sourced from external suppliers, with Sunswap's stated core competencies being energy-management software and subsystem integration. Companies House records SUNSWAP LTD under SIC codes for manufacture of non-domestic cooling and ventilation equipment and other engineering activities.

Founding story

Sunswap was founded in January 2020 by Michael Lowe, Nikolai Tauber and Andrew Sucis, who left their jobs to start the company with enough private capital to sustain them for three months. Lowe had been an automotive engineer at Ricardo; Tauber came from a thermal systems background and Sucis from aerospace engineering. The team began building its first unit in a carpark shed near London Bridge and secured Β£150,000 of seed funding, which financed a first solar-powered prototype called NVD β€” a unit that was not yet zero-emission because it retained a diesel engine. Development of the second generation, which dropped the engine and introduced lithium battery packs of up to 45 kWh, was funded via a Crowdcube crowdfunding campaign that raised half a million pounds in three days according to Lowe.

Business model

Sunswap designs, assembles and sells the Endurance transport refrigeration unit from its own UK facility, integrating externally supplied batteries, refrigeration components and solar panels. Units are also made available to operators through third parties: Chiltern Distribution is taking units on long-term hire from TIP Group fitted to SOR trailers from Reefer Group. Sales are supported by an aftermarket and connected-monitoring service, Sunswap Shield, covering fleet visibility, predictive maintenance and over-the-air updates, delivered alongside a network of third-party mobile refrigeration service partners such as CBR Refrigeration and Genesis Refrigeration.

Revenue derives from sales of Endurance refrigeration units to fleet operators, retailers and rental/leasing companies, complemented by aftermarket support and connected fleet monitoring under the Sunswap Shield offering. The company publishes pricing information and a savings calculator for prospective customers, and trailer rental group TIP makes units available on long-term hire.

Traction

Customer trials began in February 2022 and the first order followed from DFDS in September 2022, with first commercial deliveries in November 2024. By April 2025 units were deployed across fleets including Birds Eye, Tesco, Staples Vegetables and Greenyard, and a 40-unit deployment is described for Happy Eggs. Reported case study outcomes include Staples Vegetables cutting costs 78% with 96% solar-powered refrigeration and Cranswick reducing operational costs 81% while choosing zero-emission over HVO. DFDS has stated that operating 10 Endurance units over ten years could remove 895 tonnes of CO2 and save around 500,000 litres of diesel. Headcount tripled to more than one hundred people in the twelve months to early 2025, and the company reported covering 6.3 million kilometres across four new markets and three continents in a six-month period.

Latest developments

Sunswap is scaling Leatherhead output from one to five hundred units per year, with the 500-unit annual capacity target set for 2026 and further expansion plans deferred pending performance. Chiltern Distribution has ordered Endurance units for its multi-temperature fleet, fitted to SOR trailers from Reefer Group and taken on long-term hire from TIP Group for pharmaceutical and residential delivery routes. Recent company updates report six-month operations totalling 6.3 million kilometres across four new markets and three continents.

β–ΈFull profile β€” market position, technology, go-to-market, geography, history, risks & controversies

Market position

Sunswap describes the transport refrigeration market as long dominated by two incumbent suppliers of diesel technology and positions itself as an entrant that built electric from the outset, aiming to become the standard replacing diesel refrigeration. Trade coverage characterises it as a British startup addressing a defined niche β€” the refrigeration unit rather than the whole vehicle β€” and notes it raised capital in late 2024 at a time when several electric vehicle startups in Britain and the USA were retrenching or ceasing to trade.

The company presents Endurance as the first purpose-built battery and solar-powered transport refrigeration unit, contrasting it with diesel units and with PTO/axle-regeneration hybrids that depend on the truck engine. Claimed differentiators include zero tailpipe emissions from refrigeration, up to 81% lower operating costs and up to 43% lower total cost of ownership, trailer-agnostic fitment without complex charging infrastructure, quieter operation for overnight residential deliveries, and standard connected intelligence with predictive diagnostics and over-the-air updates.

Technology

Endurance is a purpose-built battery-electric transport refrigeration unit combining onboard lithium battery packs with trailer-mounted solar panels. Second-generation units used packs of up to 45 kWh; production models have energy capacities of up to 75 kWh. Battery capacity is matched to individual operations to avoid excess weight and cost, and units recharge from shore power with solar supplementing at rest and in motion. Cooling covers frozen, chilled and ambient set points, with multi-temperature operation via satellite evaporators. The unit is connected, monitoring around 1,000 real-time data points, running predictive diagnostics and receiving over-the-air updates. Sunswap identifies energy-management software and systems integration as its core engineering competencies, and says most of its engineers are generalists spanning mechanical, electrical and software disciplines.

Go-to-market

The company sells directly to fleet operators and retailers, typically beginning with on-road trials that progress to orders and fleet-wide deployments, and publishes case studies and a free electrification savings calculator to support the commercial case. It exhibits at industry events including IAA, RTX Expo, Solutrans and TCS&D / Cold Chain Hub, works with trailer and rental partners such as TIP Group and Reefer Group, and uses regional refrigeration service firms for aftermarket coverage.

Temperature-controlled logistics operators, trailer rental and leasing companies, food producers and retailers in the UK and Europe. Named customers, trial partners and referenced users include DFDS, Tesco, Gist, Samworth Brothers, MΓΌller, Birds Eye, Staples Vegetables, Greenyard, Cranswick, Freshlinc, Americold, Moran Logistics, Bannister Transport, Chiltern Distribution, Happy Eggs, Hireco and TIP Group.

Geography

Headquartered and manufacturing in Leatherhead, Surrey, England (registered office Unit 17 Mole Business Park, Randalls Road), following earlier sites near London Bridge and in Wimbledon. The company sells to UK and European transport operators and retailers and describes growing European operations; a company update refers to entering four new markets across three continents, including operation in a French winter and an Australian summer.

History

After its seed round the company moved from London Bridge to a site in Wimbledon, occupied for two years, before transitioning in 2023 to Leatherhead, Surrey, where headquarters were established in January 2023 covering engineering, product development, aftermarket and commercial teams. First customer trials began in February 2022 with DFDS, GIST and Tesco; Gist was the first customer to test the technology, taking a single unit for its temperature-controlled fleet in 2022. In March 2022 Sunswap secured Barclays and the Clean Growth Fund as backers, enabling a move from demonstration to production. DFDS placed the first order for Endurance units in September 2022. Manufacturing at Leatherhead began in April 2024, a Series B led by BGF was announced in August 2024, and DFDS took delivery of the first commercial units in November 2024. By April 2025 units were in operation across fleets including Birds Eye, Tesco, Staples Vegetables and Greenyard.

Risks & controversies

Trade coverage notes the wider context of electric vehicle startups in Britain and the USA that have scaled back or ceased trading after raising substantial capital. Sunswap's production facility was described in March 2025 as very small, with a layout still a work in progress that did not reflect full capacity, while the company targets a step change to 500 units a year. The company depends on external suppliers for batteries, refrigeration components and solar panels, and an Endurance unit fitted to a diesel tractor unit eliminates only the refrigeration emissions rather than those of the whole vehicle. Performance claims such as run times are stated to depend on weather conditions.

Compiled by commissioned research from 8 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
Chilled runtime from a single chargeJan 2025Up to 2 months
Distance covered by deployed units over six monthsJul 20266,300,000 kilometres
EmployeesApr 2025100 people
Frozen runtime from a single chargeJan 202524+ hours
HeadcountAug 2026103
Multi-temperature runtime from a single chargeJan 20252+ days
Operating cost saving versus diesel transport refrigeration unitsJan 202581%
Production capacity target at LeatherheadJan 2026500 units per year
Production model battery capacityApr 202575 kWh
Real-time data points monitored per unitJan 20251,000 data points
Share of power requirement generated by solarJan 2025Up to 80% year-round
Total cost of ownership saving versus dieselJan 202543%

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Timeline Β· 14

launches, deals, and filings
Aug 2026
Chiltern Distribution orders Endurance units

Chiltern Distribution is adding Sunswap Endurance to its multi-temperature fleet, fitting SOR trailers from Reefer Group and taking units on long-term hire from TIP Group for pharmaceutical and residential delivery routes.

source β†—

Apr 2025
Fleet-wide deployments across major operators

Sunswap units entered operation across fleets including Birds Eye, Tesco, Staples Vegetables and Greenyard.

source β†—

Jan 2025
Sunday Times Best Places to Work 2025

source β†—

Jan 2025
Technology Breakthrough Award, Cold Chain Federation Climate Summit

source β†—

Nov 2024
First commercial Endurance units delivered to DFDS

DFDS took delivery of Sunswap's first commercial Endurance units, marking the transition from trials to real-world operation.

source β†—

Aug 2024
Series B investment led by BGF

Series B funding led by BGF with participation from Shell Ventures, Move Energy and existing investors Barclays and Clean Growth Fund, to accelerate production capacity, technology development and UK and European expansion. Trade coverage reports the company raised GBP17.3m (also cited as GBP17.5m) from investors in late 2024.

source β†—

Apr 2024
Manufacturing of Endurance begins at Leatherhead

Sunswap began manufacturing the Endurance unit at its Leatherhead facility.

source β†—

Jan 2024
Innovation of the Year Award, Made in Britain Impact Awards 2024

source β†—

Jan 2023
Leatherhead headquarters established

Sunswap established its headquarters in Leatherhead, Surrey, housing engineering, product development, aftermarket and commercial teams.

source β†—

Sep 2022
DFDS places first order for Endurance units

International logistics firm DFDS placed the first order for Sunswap Endurance units after road trials.

source β†—

Mar 2022
Barclays and Clean Growth Fund back Sunswap

Sunswap secured Barclays and the Clean Growth Fund as backers, enabling the company to move from demonstration to production.

source β†—

Feb 2022
First customer trials of Endurance begin

Trials began with DFDS, GIST and Tesco, with units reported to demonstrate 100% uptime and, in certain operations, to run entirely on solar power for extended periods.

source β†—

Jan 2020
Crowdcube crowdfunding raise of about Β£500,000

Development of the second-generation, engine-free unit was funded through a raise on crowdfunding platform Crowdcube; CEO Michael Lowe said Sunswap raised half a million pounds in three days, enabling further technology development, first hires and first customer trials.

source β†—

Jan 2020
Seed funding of Β£150,000 secured

Sunswap secured Β£150,000 of seed funding, which financed construction of its first solar-powered refrigeration prototype, 'NVD', which still used a diesel engine.

source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities Β· 1

corporate structure
SunswapNo. 12407155 Β· inc. Jan 2020 Β· active

Companies House Β· registry record

View on Companies House β†—
Registered name
SUNSWAP LTD
Company number
12407155
Status
Active
Company type
Private limited company
Incorporated
16 Jan 2020
Registered office
Unit 17 Mole Business Park, Randalls Road, Leatherhead, KT22 7BA
Nature of business (SIC)
28250 β€” Manufacture of non-domestic cooling and ventilation equipment71129 β€” Other engineering activities
Accounts
last made up to 31 Dec 2024 Β· next due 30 Sept 2026
Confirmation statement
last made up to 1 Mar 2026 Β· next due 15 Mar 2027

Current officers Β· 7

  • Dennis Atkinson β€” director, appointed 28 Mar 2024
  • Mark Gunnar Bryant β€” director, appointed 28 Mar 2024
  • Connor Ian Duffy β€” director, appointed 17 Jun 2026
  • James Campbell Ferrier β€” director, appointed 28 Mar 2022
  • Michael George Lowe β€” director, appointed 16 Jan 2020
  • Andrew Sucis β€” director, appointed 16 Jan 2020
  • Nikolai Tauber β€” director, appointed 16 Jan 2020

Source: Companies House public register Β· retrieved 5 Aug 2026. Contains public sector information licensed under the Open Government Licence v3.0.

β–ΈResearch sources Β· 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Sunswap do?
UK manufacturer of Endurance, a battery- and solar-powered zero-emission transport refrigeration unit for trucks and trailers.
Who founded Sunswap?
Sunswap was founded by Nikolai Tauber in 2020.
Who are Sunswap's investors?
Sunswap's investors include Clean Growth Fund, Move Energy, Shell Ventures, Oxford Investment Opportunity Network (OION), Sustainable Ventures.
Where is Sunswap headquartered?
Sunswap is headquartered in Leatherhead, GB.