ETF Partners leads a €26M investment into Amber Electric – the company supporting global utilities as they enable their customers to optimise and monetise their home batteries and EVs

🔋 We’ve just led a €26M investment into Amber Electric – the company supporting global utilities as they enable their customers to optimise and monetise their home batteries and EVs.

Already a market leader in Australia, where it enables over 40% of the automated residential batteries on the grid, Amber Electric is expanding globally, with co-founder Christopher Thompson relocating to Europe to support key customers, E.ON and Ecotricity!

How does it work? Their software platform automates the charging of home batteries and electric vehicles (EVs) to take advantage of cheap renewable energy at various times of the day. Critically, they also allow consumers to sell energy back to the grid when demand and prices rise.

Amber helps customers pay less and earn more.

As Rob Genieser, our Managing Partner, puts it: “Amber Electric is redefining how utilities and consumers interact with energy. Their technology not only optimises energy usage but also enables greater integration of renewables, paving the way for a more resilient and sustainable energy system. We want to back leaders driven by a strong sense of purpose, and Amber’s founders have demonstrated their commitment to transforming global energy markets for the better.”

Australia’s energy grid offers a glimpse of Europe’s future, with one in three households generating solar power and rooftop solar now exceeding coal generation. Amber has proven this model works at scale, and we’re backing them to bring it to European households.

Congratulations to Christopher Thompson and Dan Adams on this milestone – and thanks to our co-investors Square Peg, Gentrack Ltd (Global), Rubio Impact Ventures, and Breakthrough Victoria for joining us on this journey.

Read the full announcement HERE.