1 February 2024, Melbourne: Amber has finalised its oversubscribed Series C round, closing with $29m to scale the business in Australia and focus on the international expansion of their battery and EV automation technology.
Energy retail upstart Amber Electric has snagged a big-name new investor in its latest round of fundraising, with Australia’s largest mutual organisation, NRMA, joining a $13.4 million Series B extension.
In summer, the staff and I here at the Digital Life Labs decided to take a punt and switch electricity providers to Amber Electric, a Melbourne-based power company which retails power at wholesale rates in an effort to encourage more Australians to shift to renewables.