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Amber Electric is a Melbourne, Australia-based energy retailer and technology company that provides residential households with direct access to real-time wholesale electricity prices through a monthly subscription model. The company develops smart automation software that optimizes the usage of solar panels, home batteries, and electric vehicles, allowing consumers to charge during low-cost periods and export power back to the grid. Operating Australia's largest virtual power plant, the business currently serves over 40,000 active customers and maintains a workforce of 124 employees. The enterprise has secured significant capital to expand its residential vehicle-to-grid technology, recently raising a $45 million Series D funding round backed by notable investors including ETF Partners, Square Peg Capital, Blackbird, and the Commonwealth Bank of Australia. Amber Electric was founded in 2017 by co-chief executive officers Chris Thompson and Dan Adams.
Amber Electric has raised $66.6M across 6 funding rounds.
Amber Electric has raised $66.6M in total across 6 funding rounds.
Amber Electric is an Australian technology company and electricity retailer that provides customers with access to real-time dynamic wholesale electricity prices combined with smart automation technology to optimize home energy usage. Its core product enables solar, battery, and electric vehicle (EV) owners to automatically charge, store, and sell energy at the most cost-effective and renewable-friendly times, helping reduce energy bills and accelerate the transition to 100% renewable power[2][3][6].
Founded in 2017, Amber serves residential customers primarily in Australia, offering a platform that integrates with existing solar and battery systems to maximize savings and earnings by dynamically responding to wholesale market prices. The company’s SmartShift technology automates energy flows, allowing users to benefit financially from exporting excess solar power during peak price periods and charging batteries or EVs when electricity is cheapest and greenest[2][3][5][6].
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Amber Electric was founded in 2017 by Chris Thompson and Dan Adams with the mission to shift the world to 100% renewable energy by empowering households to participate actively in the energy market. The idea emerged from the founders’ vision to disrupt traditional fixed electricity tariffs by providing dynamic pricing directly linked to wholesale market rates. Early traction came from becoming Australia’s largest residential solar and battery automation product, capturing over 40% of the domestic market and attracting strategic investments such as a £2.5 million funding round from E.ON to expand its technology and market reach[2][3].
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Amber Electric rides the global trend of decentralizing energy markets and integrating renewable energy with smart grid technologies. The timing is critical as governments and consumers demand cleaner energy and more efficient energy management solutions. Amber leverages advances in IoT, AI, and real-time data to transform passive energy consumers into active market participants, accelerating the adoption of distributed solar, battery storage, and EVs. Its technology aligns with market forces pushing for dynamic pricing, grid flexibility, and consumer empowerment, influencing the broader ecosystem by demonstrating scalable models for residential energy automation and renewable integration[3][5][8].
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Amber Electric is positioned to expand its influence as dynamic pricing and home energy automation become mainstream. Future growth will likely come from scaling internationally, enhancing AI capabilities, and integrating more deeply with emerging grid services and electric mobility. Trends such as increased renewable penetration, electrification of transport, and smart home adoption will shape Amber’s journey, potentially making it a key enabler of the decentralized, clean energy future. Its continued innovation in automation and market participation could redefine how households interact with energy, turning consumers into prosumers and profit-makers while supporting grid stability and sustainability[3][5][8].
Amber’s mission to democratize access to wholesale energy markets and optimize renewable energy use ties back to its founding vision, making it a standout technology company in the evolving energy landscape.
Amber Electric has raised $66.6M in total across 6 funding rounds.
Amber Electric's investors include Chris Norbury, UK, Virescent Ventures, Jungle Ventures, Square Peg Capital, Darren Miller, Gary Miles, Alberts Impact Ventures, Helmer Schukken, Startmate.
Amber Electric has raised $66.6M across 6 funding rounds. Most recently, it raised $10.0M Other Equity in September 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 30, 2025 | $10M Venture Round | — | Chris Norbury, UK, Virescent Ventures | Announced |
| Jun 1, 2025 | $30M Series U | — | Jungle Ventures, Square PEG Capital | Announced |
| Jun 19, 2024 | $2.1M Grant | Darren Miller | — | Announced |
| Jan 1, 2024 | $19M Series C | Gary Miles | Jungle Ventures, Square PEG Capital, Alberts Impact Ventures, Helmer Schukken, Startmate | Announced |
| Sep 12, 2019 | $2.5M Venture Round | — | — | Announced |
| Sep 1, 2019 | $3M Seed | — | Jungle Ventures, Square PEG Capital | Announced |
