Gentrack invests additional $4.5m in Amber

Thu, 29 May 2025

Gentrack has announced a further investment of $4.5 million in Amber as part of a $45m funding round.

This investment comes after Gentrack's initial investment of $12m in Amber in February 2024, as part of a strategic partnership between the two companies.

The partnership aims to meet the growing global demand for customer-centric, smart energy services.

Amber, an Australian technology company and electricity retailer, focuses on shifting the world to 100% renewables and provides customers with access to real-time dynamic electricity prices.

Gentrack's global network of utility customers will help Amber license its technology and offer bundled solutions.

Markets

Turbulent market slashes 2 Cheap Cars' profit

New Zealand’s continued economic downturn, a sharp fall in immigration and consequent softer market demand has driven a 47% drop in profit for 2 Cheap Cars.The company reported total revenue of $81.9 million with 7675 cars sold in the year to March 31, down 6% compared to $86.7m...

Staff reporters 1:25pm

Markets