Amber Electric logo — An energy provider with a mission to shift Aus to 100% renew...

Amber Electric

An energy provider with a mission to shift Aus to 100% renewables faster. Go beyond offsetting and use more renewables ⚡

Founded 2017 Australia Melbourne, Australia 195 employees Series E Total: $143.22M Energy, Renewable Energy

General Information

Company Name Amber Electric
Founded Year 2017
Location Australia Melbourne, Australia
Employees 195
Industries Energy, Renewable Energy
Funding Stage Series E
Business Model B2C, SaaS, Platform
Revenue Model Subscription, Pay As You Go, Service Fee
Social

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About Amber Electric

Amber Electric, founded in 2017 by Chris Thompson and Dan Adams, is revolutionizing Australia's energy sector with its innovative approach to renewable energy consumption. The company offers dynamic power pricing based on real-time wholesale energy values, allowing customers to optimize their energy usage and expenditures by tapping into greener, more affordable energy sources. Their unique proposition empowers solar and battery users with their smart tech, optimizing savings and enhancing energy management.

With headquarters in Australia, Amber Electric has attracted significant backing from notable accelerators and investors including EnergyLab, Startmate, Blackbird, Square Peg, Main Sequence, Commonwealth Bank, and Black Sheep Capital. The company's substantial growth and social impact have been recognized by awards such as Startup Vic’s Impact Pitch Night and the title of Victorian Start-up of the Year.

Recently, Amber Electric secured a $10.00M Late VC investment led by Virescent Ventures and Eon UK PLC in September 2025, reflecting investor confidence in its mission to accelerate Australia's transition to 100% renewables.

Business keywords: Dynamic Pricing, Solar Energy, Battery Storage, Smart Technology, Energy Management, Wholesale Energy Market, Energy Savings, Sustainable Energy, Tech Accelerator, Investor Backed, Customer Empowerment, Climate Tech, Social Impact

Services & Products

EV Charging Solutions
Home Battery Automation
Wholesale Energy Access
Smart Energy Management

Target Customers

Homeowners with Solar and Batteries Electric Vehicle Owners Environmentally-Conscious Consumers

Funding Rounds & Investors (10)

View All
Funding Stage Amount Investors Lead Investors Date
Series E €49.00M 3
Morgan Stanley Investment Management, 1GT +1
21 Sep 2026
Late VC $10.00M 2
Virescent Ventures, Eon UK PLC
01 Sep 2025
Series D $45.00M 5
The Group Ventures, Rubio Impact Ventures +3
01 Jun 2025
Series C $3.20M 1
Australian Renewable Energy Agency (ARENA)
01 Jun 2024
Series B $13.40M 3
Square Peg Capital, Commonwealth Bank of Australia +1
01 Oct 2022
Grant $50.00K 1
Innovation Connections
01 Jun 2022
Grant $50.00K 1
Innovation Connections
01 Dec 2021
Series B $20.00M 1
Commonwealth Bank of Australia
01 May 2021
Series A $20.00K 1
CSIRO Kick-Start
01 Nov 2020
Seed $2.50M 3
Black Sheep Capital, Giant Leap Fund +1
01 Sep 2019

Amber Electric Alternatives & Competitors

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Amber Electric vs
Ostrom
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Amber Electric vs
Telematica
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Amber Electric vs

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FAQ About Amber Electric

An energy provider with a mission to shift Aus to 100% renewables faster. Go beyond offsetting and use more renewables ⚡
Amber Electric was founded in 2017.
Amber Electric is headquartered in Melbourne, Australia.
Amber Electric operates in Energy and Renewable Energy. Its work centres on Dynamic Pricing, Solar Energy, Battery Storage and Smart Technology. Its customers include Homeowners with Solar and Batteries, Electric Vehicle Owners and Environmentally-Conscious Consumers.
Amber Electric has a B2C, SaaS and Platform business model. Its revenue comes from Subscription, Pay As You Go and Service Fee.
Amber Electric has approximately 195 employees.
Amber Electric has completed 10 funding rounds, raising a total of $143.22M. The latest funding stage is Series E.
Amber Electric offers: EV Charging Solutions, Home Battery Automation, Wholesale Energy Access, Smart Energy Management.
Top alternatives and competitors to Amber Electric include Ostrom, Telematica, GreenCom Networks, Gudbrandsdal Energi AS, Lunar Energy. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Amber Electric and Ostrom are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Amber Electric, https://bouncewatch.com/company/amber-electric, updated 21 September 2026. When citing, please name BounceWatch and link this page.

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