# Amber Electric

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/amber-electric-pty

- Industry: Renewable Energy
- Headquarters: Melbourne, Australia
- Website: www.amber.com.au
- Total disclosed funding: $119M
- Latest round: Series E (Sep 21, 2026)
- Investors on record: 17

## About

Based in Melbourne, Australia, Founded in 2017, Amber Electric Pty Ltd specializes in wholesale electricity services. The company was co-founded by Christopher Thompson (co-CEO) and Dan Adams (co-CEO). In September 2026, Amber Electric Pty Ltd raised AUD 78.5 million in series E funding led by Morgan Stanley Investment Management, with participation from ETF Partners, Innovation Victoria, and E.ON Strategic Co-Investments. Amber Electric specializes in providing wholesale electricity to battery owners in Australia. The company's core product offerings include a platform that enables customers to optimize their energy use through advanced technology, allowing them to buy and sell electricity at fluctuating wholesale rates. The service aims to empower users to maximize their energy savings and returns on investment by utilizing battery storage effectively. With features such as SmartShift technology, the platform automates the charging and discharging of batteries based on real-time energy prices, thereby enhancing efficiency and profitability for users. The target customer base includes residential homeowners equipped with solar panels and battery systems, particularly in key Australian markets such as Victoria and New South Wales, where renewable energy adoption is increasingly prevalent. Amber Electric generates revenue primarily through a subscription-based model, where customers pay a monthly fee for access to the wholesale electricity service and associated technology. The structure of transactions typically involves direct-to-consumer sales, focusing on individual households that have invested in solar and battery systems. Customers benefit from wholesale feed-in tariffs and export rates, which incentivize them to sell excess energy back to the grid. Pricing for the service includes a monthly subscription fee, allowing users to engage with the platform without hidden charges or penalties. Through this comprehensive service offering, Amber aims to facilitate significant cost savings for its clients while promoting the integration of renewable energy solutions across Australia. The company is planning to utilize the September 2026 funding to support local and international growth, European expansion, and vehicle-to-grid rollout.

## Funding rounds

- Series E, Sep 21, 2026, $56M — Morgan Stanley Investment Management, ETF Partners, E.ON Strategic Co-Investments, Innovation Victoria
- Series C, Feb 1, 2024, $29M — Commonwealth Bank of Australia, Square Peg, Rubio Impact Ventures, Gentrack Group Limited, Main Sequence Ventures, NRMA, Alberts, Breakthrough Victoria
- Series B, Sep 19, 2022, $9M — Square Peg, Commonwealth Bank of Australia, NRMA, Giant Leap
- Series B, May 17, 2021, $16M — Commonwealth Bank of Australia, x15ventures
- Series A, Dec 2, 2020, $7.4M — Square Peg, Main Sequence Ventures, Shearwater Capital, Giant Leap
- Seed, Jul 8, 2019, $1.8M — Square Peg, Black Sheep Capital, Giant Leap, Yakisoba Capital Pty Ltd

## Investors

- Square Peg (https://capitalatlas.ai/funds/square-peg) — Seed, Series A, Series B, Series C
- Black Sheep Capital (https://capitalatlas.ai/funds/black-sheep-capital) — Seed
- Giant Leap (https://capitalatlas.ai/funds/giant-leap) — Seed, Series A, Series B
- Yakisoba Capital Pty Ltd — Seed
- Main Sequence Ventures (https://capitalatlas.ai/funds/main-sequence-ventures) — Series A, Series C
- Shearwater Capital — Series A
- Commonwealth Bank of Australia — Series B, Series C
- x15ventures (https://capitalatlas.ai/funds/x15ventures) — Series B
- NRMA — Series B, Series C
- Rubio Impact Ventures (https://capitalatlas.ai/funds/rubio-impact-ventures) — Series C
- Gentrack Group Limited — Series C
- Alberts — Series C
- Breakthrough Victoria — Series C
- Morgan Stanley Investment Management — Series E
- ETF Partners (https://capitalatlas.ai/funds/etf-partners) — Series E
- E.ON Strategic Co-Investments (https://capitalatlas.ai/funds/e-on-strategic-co-investments) — Series E
- Innovation Victoria — Series E