Amber Electric

Energy Tech · Climate Tech · Home Battery/DER

Funding

Amber Electric raises €49M Series E led by Morgan Stanley's 1GT

Coordinating thousands of home batteries turns idle storage into dispatchable power that competes with peaker plants.

• Amber Electric closed a €49 million (about $56.2M) Series E, nearly twice oversubscribed, led by Morgan Stanley Investment Management's 1GT climate private equity strategy.
• Amber's SmartShift software automates home batteries and EVs, charging on cheap renewable power and discharging when prices spike, and already controls over half of Australia's automated home batteries.
• European energy group E.ON joined the round after teaming with Amber on Next Optimise, a UK smart-tariff and battery/EV automation product that went live in March 2026.
• The raise brings Amber's total disclosed equity funding to roughly $209M, following a $2.5M seed in 2019 through a $45M Series D in 2025.
• Thousands of coordinated household batteries can act like a virtual power plant, offering utilities fast-dispatch capacity without building expensive, carbon-heavy peaker plants.
• Amber plans to use the capital to deepen its European push through the E.ON partnership and to expand into the US market.
• As wind and solar make grids more volatile, investors are increasingly treating demand-side flexibility from distributed home batteries as core energy infrastructure, not a consumer gadget.