Morgan Stanley Investment Management's 1GT Leads €49 Million Series E Funding for Amber Electric

Morgan Stanley Investment Management's 1GT Leads €49 Million Series E Funding for Amber Electric

Morgan Stanley Investment Management (MSIM) announced today that the 1GT private climate equity strategy (1GT) led a €49 million Series E financing round for Amber Electric (Amber or the Company), an energy flexibility platform that enables customers to optimize how they store and use energy at home. This funding will support the Company’s continued growth and expansion in Europe. It follows the recent partnership with E.ON, one of the UK’s largest energy suppliers, which also participated in the latest round.