Amber Electric
About Amber Electric
Amber Electric is a EV Infrastructure startup based in Melbourne, Australia that has raised $80M in venture capital across 6 funding rounds since 2017. The company reached Series D stage in September 2019 with a $1.7M round led by Square Peg. Amber Electric's investor base includes 11 institutional funds, with ETF Partners leading the most recent equity round.
Amber Electric is an Australian energy retailer that passes real-time wholesale electricity spot prices directly to residential customers, charging a flat subscription fee (~A$25/month) instead of profiting from energy consumption margins. Its SmartShift automation platform uses AI to schedule home battery and EV charging and discharging around live price signals, enabling customers to buy cheap renewable energy and sell power back to the grid during price spikes. Founded in 2017, Amber controls approximately 40% of new automated residential battery installations in Australia and is expanding vehicle-to-grid (V2G) capabilities with A$13.6 million in ARENA government funding and international licensing partnerships with E.ON and Ecotricity in the UK.
Amber Electric Funding Rounds Timeline
6 rounds · $80M raised · since 2017
| Round | Date | Amount | Valuation | Lead investor | Co-investors |
|---|---|---|---|---|---|
| Seed | September 2019 | $1.7M | — | Square Peg | Giant Leap, Black Sheep Capital |
| Series A | September 2020 | $7M | — | Main Sequence Ventures | Square Peg |
| Series B | May 2021 | $15M | — | Commonwealth Bank | — |
| Series B Extension | October 2022 | $9M | — | NRMA | Commonwealth Bank, Alberts, Square Peg, Main Sequence Ventures |
| Series C | February 2024 | $19M | — | Gentrack | Rubio Impact Ventures, NRMA, Commonwealth Bank, Alberts, Square Peg, Main Sequence Ventures |
| Series D | June 2025 | $29M | — | ETF Partners | Square Peg, Gentrack, Rubio Impact Ventures, Breakthrough Victoria |
Investors in Amber Electric
11 institutional investors across 6 rounds
Lead investors
Co-investors
Recent news about Amber Electric
Questions about Amber Electric
How much has Amber Electric raised?
Amber Electric has raised $80M across 6 funding rounds since 2017.
Who are the investors of Amber Electric?
Amber Electric's investors include ETF Partners, Square Peg, Main Sequence Ventures, Gentrack, NRMA, Commonwealth Bank, Rubio Impact Ventures, Alberts, Breakthrough Victoria, Black Sheep Capital, Giant Leap.
When was Amber Electric's last funding round?
Amber Electric's most recent round was a $1.7M Seed in September 2019, led by Square Peg.
Where is Amber Electric headquartered?
Amber Electric is headquartered in Melbourne, Australia, and was founded in 2017 by Chris Thompson, Dan Adams.