Shell Ventures is the corporate venture capital arm of Royal Dutch Shell plc, investing globally in innovative technology companies and business models that support mobility and power transformation.
Sinead brings extensive energy and sustainability experience, having previously served as UK Country Chair at Shell and EVP for Safety and Sustainability at BG Group. She currently serves as a non-executive director at Johnson Matthey and chairs the board of the Shell Foundation.
The Series B round was led by Yttrium to fund international expansion and technology development.
"This round reflects the strong momentum behind our technology and the measurable results it is delivering for customers worldwide. With the new funding, we can expand our footprint faster and continue shaping the future of digital fuel management."
The round was led by BGF, Shell Ventures, and Move Energy alongside existing investors Barclays and Clean Growth Fund.
"We are thrilled to have BGF and Shell Ventures support in our mission to decarbonise cold chain logistics. Their investment, alongside the continued backing of our existing investors, is a real validation of Sunswap’s journey to date. This funding will be instrumental in accelerating our growth and expanding our presence in the UK and European markets. It will enable us to ramp up production, support further customer trials, and invest in the development of our zero-emission technology. Together, we will work towards a cleaner, greener future for cold chain logistics, helping businesses meet their sustainability targets."
The financing round was led by Autotech Ventures to accelerate the firm expansion across European markets.
"We want to be the dominant payment platform for car dealers across Europe. We’ll do it by providing a no-brainer solution, one that gives their customers the ultimate flexibility in making the necessary payments to keep their cars on the road. We are proud of the growth journey we have been on over the last 9 years and the endorsement of investment from InMotion Ventures and Porsche is a hugely positive moment for the business."
The funding will support team growth and product development for energy storage and electric vehicles.
"As we grow our climate and clean energy platform, investing in Brill Power is an exciting move into energy storage technologies that are crucial to enable an increase of renewables on the power grid, electrification of transport, and to power our homes, businesses and key infrastructure. Through extended lifetimes, improved safety, and waste reduction, Brill Power’s work is setting a new standard for how to store and use clean power to accelerate progress to our net zero emissions goals."
— John Bromley, Managing Director - Clean Energy Strategy