Amber Electric

Cut Through Quarterly 3Q 2026

Cut Through Venture's quarterly report records a record $4.2 billion raised across 78 Australian venture rounds in Q3 2026, dominated by Firmus's $2.85 billion data centre raise, with sector trends, valuations and investor sentiment.

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🇦🇺 This Week in Australian Startups #179, 26th September 2026

Weekly roundup recording a dozen raises and acquisitions, Firmus's scheduled float, a new $50m venture fund, a founder share sale, grant winners, an accelerator intake, and an AI agent's government breach.

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Home battery automation champion raises $78.5 million towards local growth, global expansion

Energy retailer Amber has closed an oversubscribed $78.5 million round led by Morgan Stanley's 1GT fund, with existing backers participating, to add vehicle-to-grid capability and expand into Europe.

Also Business News Australia·Dealroom·Forbes Australia·Cut Through Venture·Startup Daily·This Week in Australian Startups·Dynamic Business

Investor behind Amber Electric hits $10 million under management, milestone for new fund

Climate tech fund manager Impact Ventures has passed $10m under management and taken its follow-on vehicle to a first close; its portfolio spans Amber Electric, Orkestra and Infravision.

Investor behind Amber Electric hits $10 million under management, milestone for new fund

Sydney early-stage climate tech backer Impact Ventures says it now manages $10 million and has completed the first close on its follow-on vehicle, which will keep backing its maturing portfolio companies.

ARENA-backed accelerator selects 'hardware' climate tech startups

EnergyLab unveils ten hardware-focused climate tech startups joining its 2026 Climate Solutions Accelerator, supported by $1.64 million from ARENA; alumni Infravision, Renewable Metals, Orkestra and Amber later received ARENA funding.

“Every tool in the kit:” From kerbside EV charging to microgrid building, 10 companies line up for funding, incubation

EnergyLab names ten hardware-focused climate tech companies joining its 2026 Climate Solutions Accelerator, which pairs seed investment with a six-month program. Several hold government grants, and Catch Power's 2024 purchase of Solar Analytics is recalled.

Also RenewEconomy

Swiss commodity trader gets approval to buy Zen retail business and PPA deals. Will it take on Big 3?

Competition regulator approval lets Swiss trading giant Gunvor proceed with buying Zen Energy's retail arm and power purchase agreements; terms undisclosed. Article weighs whether the newcomer will challenge Australia's dominant gen-tailers.

Swiss commodity trader gets approval to buy Zen retail business and PPA deals. Will it take on Big 3?

The competition regulator has cleared Swiss trader Gunvor to buy Zen Energy's retail arm and linked PPAs; terms undisclosed. The article asks whether the deep-pocketed newcomer will challenge Australia's big three gen-tailers.

ARENA expands Amber project to accelerate vehicle-to-grid rollout in Australia

The renewable energy agency commits a further $13.6 million grant to Amber Electric's vehicle-to-grid trial, lifting participation to 1,000 households, with carmaker BYD joining to work on charging standards.

Also Dealroom·Startup Daily·Business News Australia

Recent Good News from our portfolio

Breakthrough Victoria rounds up April–May 2026 portfolio news, including grants for Number 8 Bio and Xefco, Liquid Instruments' Series C, program selections, partnerships, regulatory clearances and two new Aravax directors.

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Six months in Austin: BuildPass says the US is already 20% of revenue

BuildPass, a Melbourne construction software maker, says its American business now exceeds a fifth of revenue half a year after opening in Austin, with growth credit from Mighty Partners funding the expansion.

Australian homes get Vehicle-to-Grid ready

ARENA's media release marks a milestone in its funded project with Amber Electric: the first vehicle-to-grid charger installed in an Australian home, which the agency frames as transformative for the power system.

2025 in review: Purpose and partnerships

Alberts' year-in-review post recounts its 140th anniversary, board and staff appointments, follow-on venture investments in three portfolio companies, music education advocacy, a philanthropy strategy review, and reconciliation and gender-lens finance commitments.

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Startmate CEO Michael Batko calls time after 8 years, Phoebe Pincus takes the helm

Startmate chief Michael Batko departs following an eight-year stint; COO Phoebe Pincus steps up. The piece credits his tenure for the accelerator's growth, returns and alumni, and notes his exits from two side ventures.

Startmate CEO Michael Batko steps down after eight years, COO Phoebe Pincus takes top spot

Long-serving Startmate chief Michael Batko departs the accelerator's top job, with operations lead Phoebe Pincus promoted to CEO; the piece also recalls two side ventures Batko previously exited.

Climate tech now employs 7000+ people and is driving Australia's economic growth, Climate Salad's annual analysis finds

Climate Salad's report says Australia's climate tech sector has passed 7,000 workers across 730 startups and drew $680 million in venture capital; Sea Forest's ASX debut and fund commitments point to investor appetite.

AR 2024/25: Breakthrough Victoria's J-Curve Moment

Breakthrough Victoria's CEO reviews its 2024/25 year: growing capital base, strong co-investment leverage, portfolio milestones including Amber's $10m raise, first fellows awarded, and projected economic impact ahead.

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Breakthrough Victoria is slinging another $75 million at local VC funds

Victoria's Breakthrough Victoria has committed $75m to five specialist VC funds covering climate tech, life sciences, female founders and healthcare, each pledging a quarter of its capital to local startups.

BREAKTHROUGH VICTORIA INVESTS $75 MILLION IN VENTURE CAPITAL FUNDS TO BUILD VICTORIA'S INNOVATION ECOSYSTEM

Breakthrough Victoria is putting $75 million into five venture capital funds, including Virescent, SYNthesis BioVentures, Scale and Galileo, each of which has pledged a quarter of its capital to Victorian startups.

Breakthrough Victoria commits $75 million across five VC funds

Breakthrough Victoria makes cornerstone investments totalling $75 million into five venture capital funds spanning climate-tech, biotech, diversity-focused and health sciences investing.

From 0 to 4.5 billion: how the Startmate pay-it-forward mentorship model built a startup powerhouse

Startmate reflects on a decade of backing founders, profiling breakout alumni across its cohorts and describing how its mentors reinvest in newer startups, alongside its fund model and returns.

Cheque-in: 8 ANZ startups banked $53.46 million in funding this week

Weekly roundup of eight Australian and New Zealand funding rounds totalling about $53.5 million, led by SwarmFarm Robotics' $30 million Series B for its farm robots.

Eight ANZ startups that raised $53.56 million this week

Funding roundup: eight trans-Tasman startups together secured $53.56 million, topped by SwarmFarm Robotics' Series B, with Amber, Javln, Enhance Labs, Indi, Wych, Lift Women and Ambra Spirits also raising capital.

Renewables focused retailer Amber raises $45m in bid to accelerate global expansion and V2G

Amber Electric, a Melbourne electricity retailer, has banked $45 million from ETF Partners and returning backers to fund overseas expansion and vehicle-to-grid technology.

Also Forbes Australia·Dealroom

Amber charges up on $45 million raise

Energy retailer Amber has raised $45 million in a round led by ETF Partners to grow its home-battery and EV automation business overseas, having bought charging app Charge HQ earlier this year.

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Investing in a Cleaner Future: Reflections from the Frontlines of Climate Innovation

The fund's authors recap two climate-investment events, weighing the massive global capital needs, mixed public-private funding models, and its clean-economy portfolio activity in Victoria.

Amber closes $45 million funding round

Amber, the home battery automation company, has banked a $45 million round led by ETF Partners alongside Square Peg, Gentrack, Rubio Impact Ventures and Breakthrough Victoria; co-founder Dan Adams talks growth and overseas licensing.

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Breakthrough Victoria Portfolio Companies Celebrate Milestones and Global Growth

Breakthrough Victoria highlights recent achievements of portfolio companies including funding, awards, and expansions for firms like Liquid Instruments, Quantum Brilliance, and Samsara Eco.

Energy retailer Amber Electric powers up with Charge HQ app takeover

Amber Electric has bought EV charging app Charge HQ for an undisclosed price; the piece recalls the retailer's Series A, B and C raises from Gentrack, NRMA, Commonwealth Bank, Main Sequence and Square Peg.

Also Startup Daily

2024: A year of change and positive impact

Alberts' annual review records its venture arm closing its portfolio at 22 companies, topping up six holdings, co-launching a gender-equity drive, and navigating board changes after Sam Mostyn became Governor-General.

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Investment Update: Amber Electric

Breakthrough Victoria reports its $4.5 million investment in Amber Electric, a Melbourne energy software startup whose SmartShift technology optimises household electricity use, covering the company's Victorian impact, customers and hiring growth.

Batteries on Wheels: Unlocking value for customers through smarter charging

ARENA announced a $3.2 million grant to Amber Electric for a residential trial of EV smart charging and vehicle-to-grid services, with enX independently verifying the project's modelling under the Driving the Nation Fund.

Also Alberts Impact Ventures portfolio·Dealroom

Startmate’s top 20 most valuable investments

A profile of Startmate ranking the twenty most valuable companies it has backed, noting their valuations, past raises and founders, plus Bugcrowd's newly announced purchase of Informer and its climate focus.

South Australia leading the way with energy-smart homes

ARENA puts $6.2 million toward SA Power Networks' Energy Masters trial, equipping 500 South Australian homes with smart devices and energy management tech, alongside state government, research, retail and finance partners.

Also ARENA·ARENA·@AuManufacturing

Staff spotlight: Q&A with Ben Weinberger

Alberts Impact Ventures introduces its new investment associate in a Q&A covering his prior role at an investment platform, his path into impact investing, and portfolio companies in health and climate.

Amber Electric

Breakthrough Victoria reports a $4.5 million investment in Amber Electric's $29 million Series C, led by GenTrack with Rubio Impact Ventures, funding jobs and product expansion.

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Early VC #2 - Amber Electric raises $29M. Metcash announces a $558 million triple acquisition.

Weekly Australian deals newsletter: Amber Electric's Series C, Saltwater Games' seed round, a Q-CTRL grant, CarbonHQ pre-seed, Preplocal backing, Metcash's triple acquisition plus three other deals, and a new AirTree hire.

Five Australian startups that raised at least $38.2 million this week

Roundup of five Australian startups that secured new capital this week: Amber Electric's $29m Series C, ProcurePro's $6.15m, Yume's $2m seed, Alt.Leather's $1.1m seed, plus an undisclosed Tenacious Ventures investment in Nbryo.

Alberts Impact Ventures: 2023 in review

Investor's own year in review: five new portfolio companies, a follow-on into ULUU, the Verve Super exit, the Equity Clear gender-reporting initiative, a first founders' retreat, and a sweep of awards for portfolio companies.

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