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Sunswap

Leatherhead, United Kingdom · Founded 2020 · Privately Held (backing)

Manufacturer of solar and battery-powered transport refrigeration units intended to decarbonize the cold transportation chain. Sunswap is based in Leatherhead, United Kingdom and was founded in 2020. It was valued at $63.5 million at its Series B in Aug 2024, the last priced event on record. It has raised $42.4 million across 16 recorded rounds; the latest was a $7.2 million early-stage round in May 2026.

PMV mark · valuation
$63.5M
Oct 2026
Priced at
its Series B
Aug 2024
Total raised
$42.4M
Last round
Early Stage VC
May 2026

Sunswap key facts

as of Oct 2026
  • Manufacturer of solar and battery-powered transport refrigeration units intended to decarbonize the cold transportation chain.
  • Sunswap is valued at approximately $63.5M as of Oct 2026, set at its Series B, Aug 2024; nothing has traded since, per PrivateMarketView’s mark.
  • It has raised $42.4M across 16 recorded rounds; the latest was Early Stage VC ($7.2M) in May 2026.
  • Notable investors include Innovate UK, Tech Nation Group, BGF (Financial Services), Sustainable Ventures, Shell Ventures — 13 tracked in total.
  • Status: Privately Held (backing).
PrivateMarketView mark
LOW confidence
$63.5M

Valued at $63.5M at its Series B, Aug 2024. Nothing has traded since.

set by its last priced roundas of Oct 2026question about this number?
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  • ·Post-money valuations for 6 rounds
  • ·The complete investor list: 13 names
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Sunswap funding rounds

16 rounds
May 2026Early Stage VC$7.2M▮
Dec 2025Grant$480K▮
Jan 2025Non-Equity Accelerator—▮
Aug 2024Series B$22.3M▮
Jul 2023Equity Crowdfunding$5.7M▮
Full funding history →

Sunswap valuation

Sunswap was valued at $63.5 million at its Series B in Aug 2024. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has Sunswap raised?

Sunswap has raised $42.4 million across 16 recorded rounds since 2020. The largest was a $760,000 equity crowdfunding round in Mar 2021; the most recent was a $7.2 million early-stage round in May 2026. 6 of the rounds disclosed a post-money valuation.

Sunswap investors

13 investors are on record for Sunswap, including Innovate UK, Tech Nation Group, BGF (Financial Services) and Sustainable Ventures. The early-stage round in May 2026 drew 5 investors.

About Sunswap

Manufacturer of solar and battery-powered transport refrigeration units intended to decarbonize the cold transportation chain. The company's units use solar-powered mobile chilling capability for the transport of food, medicine, vaccines and other products that need to be kept cold whilst on the road, enabling transport operators with a zero-emission alternative to existing diesel transport refrigeration units.

Sector
Energy
HQ
Leatherhead, United Kingdom
Founded
2020
Employees
101
Ownership
Privately Held (backing)

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