Amber Electric Raises €49M Series E

Amber Electric, based in Melbourne, Australia, has secured €49 million in Series E funding to accelerate its global growth and expansion into European markets. The company provides an energy flexibility platform that utilizes advanced AI-driven software to help households manage and optimize the use of residential solar, batteries, and electric vehicles by accessing wholesale energy pricing.

Investors

The funding round was led by 1GT, a private climate equity strategy under Morgan Stanley Investment Management. E.ON, a prominent UK-based energy supplier, also participated in this financing round.

Amber Electric Use of Funds

Amber Electric plans to use the new capital to support its continued growth and international expansion. Specifically, the funds will address the increasing demand for its technology, which enables consumers and utilities to manage distributed energy resources and integrate renewable energy at scale across Europe.

About Amber Electric

Founded in 2017 by Chris Thompson and Dan Adams, Amber Electric is a technology company dedicated to accelerating the transition to 100 percent renewable energy. Its SmartShift software platform automates home energy assets to maximize savings and efficiency for users while supporting grid stability.

Funding Details

Company Website: https://amber.com.au

Company: Amber Electric
Raised: €49M
Round: Series E
Funding Date: September 21, 2026
Lead Investor: 1GT (Morgan Stanley Investment Management)
Additional Investors: E.ON
Company Website: www.amber.com.au
Software Category: Energy Tech
Source: https://www.businesswire.com/news/home/20260921498116/en/Morgan-Stanley-Investment-Managements-1GT-Leads-%E2%82%AC49-Million-Series-E-Funding-for-Amber-Electric