NRMA backs energy upstart as solar offerings extend to “batteries on wheels”
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.
Amber said on Monday that its Series B funding round has been led by existing investors including Commonwealth Bank and Square Peg, and brought in NRMA for the first time.
The retailer says NRMA – whose member services include vehicle roadside assist and insurance – comes on board at a crucial time in Australia integration of electric vehicles into the energy transition.
“NRMA … can clearly see Amber’s value in supporting electric vehicle owners optimise the charging of their cars – and eventually … in helping EVs also be utilised as home batteries,” said Amber co-founder and co-CEO Dan Adams.
NRMA general manager of investments, Ainsley Lee, says Amber’s value proposition “closely aligns” with NRMA’s own ambitions of increasing Australia’s electric vehicle adoptions.
A retailer with a difference
Amber, which launched in late 2017, offers a retail electricity deal where households pay the real-time wholesale price for electricity from the grid, plus a small hedging cost (<1c/kWh) which helps underpin a price guarantee, or cap.
https://reneweconomy.com.au/nrma-backs-energy-upstart-as-solar-offerings-extend-to-batteries-on-wheels/
- Forums
- ASX - By Stock
- CYM
- Electric Vehicles, Big to Small
Electric Vehicles, Big to Small, page-8
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CYM (ASX) to my watchlist
|
|||||
Last
4.5¢ |
Change
0.002(4.65%) |
Mkt cap ! $68.61M |
Open | High | Low | Value | Volume |
4.3¢ | 4.5¢ | 4.3¢ | $93.26K | 2.147M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 45813 | 4.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.5¢ | 523999 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 45813 | 0.043 |
2 | 950000 | 0.042 |
9 | 1366593 | 0.041 |
10 | 868076 | 0.040 |
5 | 150563 | 0.039 |
Price($) | Vol. | No. |
---|---|---|
0.045 | 523999 | 3 |
0.046 | 864287 | 5 |
0.047 | 722907 | 3 |
0.048 | 541111 | 2 |
0.049 | 1125000 | 4 |
Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
Featured News
CYM (ASX) Chart |