Amber Electric has closed a $56.2 million Series E led by Morgan Stanley Investment Management’s 1GT climate strategy. The Melbourne company is an electricity retailer for Australian households, pairing access to wholesale power prices with software that schedules home batteries and electric-vehicle charging. The fresh capital will support its Australian business and expansion through European utilities; exporting power from car batteries, however, remains an early rollout rather than an established part of the service.
For battery customers, Amber’s SmartShift system turns forecasts of solar production, household consumption and wholesale prices, plus the user’s preferred settings, into a changing schedule. In the app, households can inspect the next eight hours of planned battery actions, switch optimization off or take manual control.
Amber reaches households in two different ways. In Australia, it acts as the electricity retailer itself; internationally, it provides the technology through utility partners. That route lets Amber enter a market without first recreating its Australian retail operation there. Morgan Stanley says the company has more than 50% of Australia’s automated-battery market.
The partner model is already live with E.ON Next. The United Kingdom supplier launched Next Optimise in March 2026 for homes with solar panels and batteries, using Amber’s technology under a smart tariff to manage batteries and electric-vehicle charging. E.ON also participated in the financing, while its branded household offer provides a concrete distribution channel for Amber’s software.
Two-way electric-vehicle power is at an earlier stage. Amber says it is releasing vehicle-to-grid functionality and that early customers can send energy from a car battery back to the grid. That extends its charging-and-export logic to another household asset, but the company’s wording describes limited early use, not a broad launch.