Amber Electric acquires EV charging software firm Charge HQ
Summary
The news: Electricity retailer Amber has acquired electric vehicle charging software company Charge HQ for an undisclosed amount in a move to expand its smart charging capabilities and strengthen its position in Australias renewable energy sector. The numbers: Amber has previously raised $32.5 million across multiple funding rounds, including a $2.5 million seed round led by Square Peg, a $10 million Series A co-led by Main Sequence and Square Peg, and a $20 million Series B investment from the Commonwealth Bank of Australia. The context: Founded in 2017, Amber provides wholesale electricity pricing to customers and has been expanding its renewable energy offerings. Charge HQs software allows electric vehicle owners to optimise charging times based on grid conditions, electricity prices and renewable energy availability.