Cloover Secures $1.2 Billion to Build AI Platform Accelerating Europe's Energy Transition

Berlin's Cloover secures over $1.2 Billion

Climate fintech aims to speed Europe's energy transition with an AI-powered platform for decentralised power and financing. Berlin's energy transition sector got a defining boost today as Cloover, a climate fintech based in Berlin, announced it has secured more than $1.2 billion in total capital commitments, combining Series A equity and a substantial debt facility to accelerate the rollout of its software and financing platform across Europe. The financing package includes €18.8 million (approximately $22 million) in Series A equity, led by MMC Ventures and QED Investors, with participation from Lowercarbon Capital, BNVT Capital, Bosch Ventures, Centrotec, and Earthshot Ventures. Alongside that, a €1.02 billion debt facility provided by a major European bank will be deployed directly as customer and installer financing through Cloover's platform, backed by a €300 million guarantee from the European Investment Fund to support scalable, low-cost lending for clean energy projects. For a company that only a few years ago was in seed-stage fundraising, the scale of these commitments marks a striking shift. The debt element is operational capital designed to help manufacturers, installers, and homeowners finance solar panels, batteries, heat pumps, and other distributed energy technologies under a single unified system. Cloover was founded in 2023 by Jodok Betschart, Peder Broms, and Valentin Gönczy, who arrived at the idea after interviewing hundreds of installers across Europe and hearing the same frustrations: fragmented software stacks, manual processes, and limited access to project financing. They saw a structural gap in the energy transition; demand for decentralised power had surged, but the financing and platform infrastructure to scale it weren't keeping pace. That gap is what Cloover's platform intends to close. At its core is an integrated operating system that combines workflow management, procurement, financing, energy optimisation, and risk analytics into one environment that serves all parts of the distributed energy value chain. Installers can offer financing at the point of sale, streamline operations, and reduce administrative drag. Homeowners, in turn, gain access to installations with lower upfront costs and financing terms linked to projected energy savings rather than traditional credit scoring. Some investors now call Cloover the "Shopify for energy", a digital backbone that supports the entire process of deploying distributed energy systems at scale. The model is built around scalable capital deployment combined with end-to-end software automation, including AI-driven tools for underwriting and operations. The timing of this financing is noteworthy. Across Europe, demand for residential solar and decentralised energy solutions is accelerating as regulatory pressure, rising electricity prices, and broader electrification trends push households and businesses toward clean alternatives. Yet installers often struggle with financing bottlenecks. Cloover's platform embeds capital directly into the sales workflow, turning financing from a hurdle into a built-in feature. In a statement, CEO Jodok Betschart framed the new financing as a way to enable energy independence without the friction of upfront costs or complex loan applications, noting that the company's AI operating system connects stakeholders across the value chain. For European climate tech and energy markets, the scale of Cloover's backing is remarkable. Few startups in this space have bridged software infrastructure and finance at this magnitude, and the size of the debt commitment signals deep lender confidence in distributed energy as a growth asset class. It sets a potential precedent for how renewable energy projects can be financed and adopted more quickly across the region, something both policymakers and industry leaders have identified as essential to meeting the EU's climate goals.

Energy Tech Startup Cloover Secures $1.2 Bn to Build AI Operating Systems for Europe | AIM

Cloover aims to be a global, decentralised energy platform to deliver affordable, independent energy. Germany-based energy tech startup Cloover has raised $22 million in Series A equity financing and secured a $1.2 billion debt facility, bringing total capital commitments to $1.222 billion. The equity round was led by MMC Ventures and QED Investors, with additional backing from Lowercarbon Capital and others. The debt facility, provided by a major European bank, will support customer and installer financing. Cloover will also benefit from a €300 million (about $351 million) guarantee from the European Investment Fund, which will enable it with low-cost capital for the energy transition. Overall, the company has raised over $30 million in equity and secured more than $1.3 billion in debt. With this funding, Cloover aims to enter more European markets, including France, Italy, the UK and Austria, and enhance its platform with AI-driven automation and financing products. The long-term goal is to establish Cloover as a global platform for decentralised energy, connecting various stakeholders through a unified system for affordable, independent energy, the company said. "With this $1.2 billion commitment, we're enabling households to become energy independent, without the friction of upfront costs or complex loan applications. Our AI operating system connects stakeholders across the value chain and revolutionises how energy independence becomes the new norm," Jodok Betschart, co-founder & CEO at Cloover, said in a statement. Cloover is developing the digital nervous system for the decentralised energy economy. Its AI-driven platform unifies workflow management, financing, procurement, and energy optimisation, automating complex processes and facilitating data-informed decisions from the first customer, leading to efficient energy management through its EMS and variable tariffs. The company's AI Finance co-pilot helps SME installers address capital flow issues and improve liquidity for faster growth. By integrating various tools and streamlining financing, Cloover enables installers to close more projects and serve a wider customer base. It also allows installers to offer financing at the point of sale, enhancing conversion rates and opening new market segments. Automated workflows decrease administrative tasks and improve throughput, while easier access to capital shortens cash cycles. On average, installers increase revenue by 30% by reaching customers who were previously unreachable. Homeowners access decentralised energy without high upfront costs and save 20% to 30% on energy bills through optimised performance and financing. "Cloover is not just about financing - we're building the backbone for energy independence. We are creating the Shopify of Energy: a platform that equips manufacturers, installers, households, and investors with the tools to grow, collaborate, and deliver distributed energy at scale," added Valentin Gönczy, co-Founder & CPO at Cloover. Cloover's revenues increased more than eightfold in 2025 while remaining profitable, nearing $100 million in sales. The company projects revenues of $500 million in 2026 and $1 billion in 2027.