Amber Electric Secures $45M to Supercharge Smart Energy Savings and Dynamic Pricing Solutions

Amber Electric is thrilled to announce that we have successfully raised $45,000,000 in new funding—a significant milestone that marks an exciting new chapter in our commitment to revolutionizing energy pricing for our customers. Founded in 2017 by visionary entrepreneurs Chris Thompson and Dan Adams, Amber Electric has established itself as a leader in dynamic power pricing by offering customers real-time energy prices that mirror wholesale market fluctuations. This innovative model empowers users to reduce their bills by charging their batteries during periods of surplus renewable energy at low prices and earn additional income by exporting energy when market rates spike. Our cutting-edge technology not only maximizes savings for solar and battery owners but also places the power of energy management firmly in their hands, ensuring they can make informed decisions that benefit both their wallets and the environment. The funding will be strategically invested in further expanding our technology platform, accelerating customer growth, and deepening our market presence in Australia and beyond. With strong backing from top-tier accelerators like EnergyLab and Startmate—as well as strategic investments from industry leaders including Blackbird, Square Peg, Main Sequence, Commonwealth Bank, and Black Sheep Capital—Amber Electric is poised to advance its mission of making energy more accessible, sustainable, and profitable for all. This capital injection also reaffirms our status as an industry innovator recognized by accolades such as Startup Vic’s Impact Pitch Night award and being named Victorian Start-up of the Year. We are excited about the boundless opportunities ahead and remain dedicated to empowering our community with smarter, greener energy solutions.