About Sunswap
Sunswap is a company based in London (United Kingdom) founded in 2019 by Andrew Sucis, Nikolai Tauber, and Mike Lowe.. Sunswap has raised $27.5 million across 4 funding rounds from investors including Barclays, Shell and Gov.uk. Sunswap offers products and services including Sunswap Endurance and Sunswap Shield. Sunswap operates in a competitive market with competitors including Webasto Group, Chargefox, WeNow, Vyro and EmiSense, among others.
- Headquarter London, United Kingdom
- Founders Andrew Sucis, Nikolai Tauber, Mike Lowe
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Sectors
EnvironmentTransportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Sunswap Ltd
- Date of Incorporation 16 Jan, 2020
- Jurisdiction LEATHERHEAD, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$27.5 M (USD)
in 4 rounds
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Latest Funding Round
$22.86 M (USD), Series B
Aug 26, 2024
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Investors
Barclays
& 5 more
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Employee Count
Employee Count
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Products & Services of Sunswap
Sunswap offers a comprehensive portfolio of products and services, including Sunswap Endurance and Sunswap Shield. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Battery and solar-powered unit for zero-emission cooling in transport.
Service to maximize fleet uptime and monitor performance reliably.
Funding Insights of Sunswap
Sunswap has successfully raised a total of $27.5M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $22.86 million completed in August 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $22.9M
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First Round
First Round
(20 Nov 2020)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series B - Sunswap | Valuation | BGF | |
| Mar, 2022 | Amount | Series A - Sunswap | Valuation | Clean Growth Fund , Barclays |
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| Jan, 2021 | Amount | Seed - Sunswap | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sunswap
Sunswap has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Barclays, Shell and Gov.uk. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early & Growth stage tech & offline focused VC firm funding companies in the UK & Ireland
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Founded Year | Domain | Location | |
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Move Energy is focused on investments in energy transition.
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Founded Year | Domain | Location | |
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Early-stage cleantech entrepreneurs are supported with expert capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sunswap
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Sunswap
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sunswap Comparisons
Competitors of Sunswap
Sunswap operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Webasto Group, Chargefox, WeNow, Vyro and EmiSense, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Manufacturer and supplier of roof systems to aftermarket
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| domain | founded_year | HQ Location |
Electric vehicle charging network is operated in Australia.
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| domain | founded_year | HQ Location |
Provider of connected driving solutions for increased fuel efficiency
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| domain | founded_year | HQ Location |
Online platform for buying electric cars
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| domain | founded_year | HQ Location |
Emissions sensors for vehicle on-board diagnostics are manufactured.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sunswap
Frequently Asked Questions about Sunswap
When was Sunswap founded?
Sunswap was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Sunswap located?
Sunswap is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Sunswap?
Mike Lowe is the current CEO of Sunswap. They have also founded this company.
Is Sunswap a funded company?
Sunswap is a funded company, having raised a total of $27.5M across 4 funding rounds to date. The company's 1st funding round was a Seed of $683.48K, raised on Nov 20, 2020.
What does Sunswap do?
Sunswap, based in London, focuses on environment, and air management services. Developer of transport refrigeration products to reduce noise and air pollution. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Sunswap?
Sunswap's top competitors include Chargefox, Webasto Group and EmiSense.
What products or services does Sunswap offer?
Sunswap offers Sunswap Endurance and Sunswap Shield.
Who are Sunswap's investors?
Sunswap has 6 investors. Key investors include Barclays, Shell, Gov.uk, BGF, and Move Energy.