Melbourne-based smart energy company Amber has raised €25.6 million in a funding round led by European impact investor ETF Partners. Dutch firm Rubio Impact Ventures, along with existing investors Square Peg and Gentrack, also participated.
The funds will support Amber’s expansion in Europe, where it has already partnered with UK utility E.ON and green energy retailer Ecotricity. The company plans to integrate its technology with Gentrack’s billing systems to offer bundled solutions for utilities.
Amber develops software that optimizes home batteries and electric vehicle charging using real-time energy pricing, helping consumers save costs and support renewable energy use. The company is also working on vehicle-to-grid (V2G) technology to allow EV owners to sell excess power back to the grid.
Rubio Impact Ventures, which reinvested in this round, backs scalable businesses with strong environmental impact. Amber aims to accelerate the global shift toward decentralized, renewable energy systems.
