Amber Electric raises €49M Series C+ led by Morgan Stanley's 1GT climate strategy

Amber Electric Raises €49M Series C+

Amber Electric, the Australian energy-technology company and authorised electricity retailer, has raised €49 million in a Series C+ round. The round was led by Morgan Stanley Investment Management's 1GT climate private equity strategy, with participation from E.ON SE. The funding was announced on 21 September 2026.

What Amber Electric Does

Amber Electric gives households direct access to real-time wholesale power prices. Its AI-driven SmartShift platform automates home batteries, rooftop solar and electric vehicles, buying, storing and selling energy when it is cheapest and greenest. The company plans to add vehicle-to-grid capability in 2026.

Founded in Melbourne in 2017 by Chris Thompson and Dan Adams, Amber is Australia's largest home-battery automation provider, holding more than 50% of the automated-battery market. It serves households directly in Australia and works in partnership with utilities internationally.

The Round at a Glance

• Company: Amber Electric
• Round type: Series C+
• Amount: €49 million
• Announced: 21 September 2026
• Lead investor: Morgan Stanley Investment Management's 1GT climate private equity strategy
• Additional investors: E.ON SE

Why This Matters for the Market

Amber sits at the intersection of two trends that have drawn sustained strategic interest: the electrification of the home and the shift toward real-time, price-responsive energy consumption. Its SmartShift platform coordinates distributed energy assets — batteries, solar and EVs — around wholesale price signals, a model that depends on both software capability and regulatory standing as an authorised retailer.

The company's stated position as Australia's largest home-battery automation provider, with over half of the automated-battery market, gives it a meaningful installed base in a category where scale and device orchestration tend to compound. The planned addition of vehicle-to-grid capability in 2026 extends that orchestration to a new asset class.

Investor Profile

The round brings together a climate-focused private equity strategy in Morgan Stanley Investment Management's 1GT and a strategic energy player in E.ON SE. The combination of growth capital and utility-side participation is notable for a company that already describes international utility partnerships as part of its model.

What to Watch

• Execution on the 2026 vehicle-to-grid rollout
• Growth of the international utility partnership channel
• Whether the company extends its share of the automated-battery market in Australia

For acquisition watchers, Amber represents a scaled, software-led energy orchestration asset with a defensible position in home-battery automation and an emerging international distribution angle through utility partnerships.