Amber launched AmberCare, an aftermarket warranty product for Tesla Model Y, 3, S and X owners. Plans range from $40 per month to about $120 per month and cover drive units, the battery and other EV-specific components. When owners file claims Amber coordinates with qualified repair shops to source parts, arrange repairs and transport the vehicle. The company was founded in early 2023, has a team of five and a small group of customers on an early access version of AmberCare. AmberCare has launched in 10 states and the company is aiming to launch in California by the end of the year. Amber raised $3.18 million in seed funding to support the product rollout and its repair-shop and parts-sourcing operations.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2024