Australian energy tech startup Amber Electric has raised $45 million in fresh funding to accelerate the global rollout of its smart battery and electric vehicle automation technology, with a focus on European markets.
Source: amber.com.au.
The round was led by ETF Partners, a UK- and Europe-based impact investor, and joined by existing backers including Square Peg, Gentrack, Rubio Impact Ventures, and Breakthrough Victoria.
Amber currently holds 40% of Australia’s new automated home battery market and is poised for further growth ahead of the federal government’s Cheaper Home Batteries Program, set to launch on 1 July 2025. The company’s platform gives customers access to real-time wholesale electricity prices and uses automation to charge home batteries and EVs when renewable energy is abundant and cheap.
Amber is also developing vehicle-to-grid functionality, enabling customers to sell power back to the grid from their EVs.
“We’re proving there’s a better way to do energy,” said Amber co-CEO Dan Adams.
The funding will also support Amber’s international partnerships, including collaborations with major UK utilities E.ON and Ecotricity. Through a strategic alliance with Gentrack, Amber is offering bundled solutions that combine its automation tech with billing and CRM platforms for utility providers. “We’re proving there’s a better way to do energy,” said Amber co-CEO Dan Adams.
ETF’s Rob Genieser added that Amber’s platform not only cuts energy costs but also strengthens the grid by enabling deeper renewable integration.
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