Amber Raises $45m to Accelerate Global Expansion of Smart Energy Tech and V2G

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Amber has closed a $45 million funding round to supercharge its growth and expand its battery and EV automation technology into global markets. The round was led by UK/Europe-based impact investor ETF Partners (The Environmental Technologies Fund), as well as participation from existing backers including Square Peg, Gentrack, Rubio Impact Ventures, and Breakthrough Victoria.

“We’re proving there’s a better way to do energy – with technology that puts customers at the centre of the energy transition,” said Dan Adams, co-founder and co-CEO of Amber. “This investment is a huge step forward in our mission to help households around the world take control of their energy, reduce costs, and support the energy transition”

“As more countries shift to decentralised, renewable energy, we’re excited to bring Amber’s model to the world stage – helping to build smarter energy systems everywhere.”

"Amber is redefining how utilities and consumers interact with energy," said Rob Genieser, Managing Partner at ETF Partners. "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."

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Source: Amber

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