Cloover, a Berlin-based climate FinTech building the operating system for energy independence, today announced that it has raised €18.8 million ($22 million) in Series A equity financing and secured a €1.02 billion ($1.2 billion) debt facility, taking its total capital commitments to €1.04 billion ($1.222 billion).
The equity round was led by MMC Ventures and QED Investors, with participation from Lowercarbon Capital, BNVT Capital, Bosch Ventures, Centrotec, and Earthshot Ventures.
The debt facility was provided by a European bank to fund customer and installer financing on the platform. Cloover also benefits from a €300 million guarantee from the European Investment Fund, which supports its financing programmes and enables scalable, low-cost capital for the energy transition. In total, Cloover has now raised more than €25.6 million ($30 million) in equity financing and secured over €1.11 billion ($1.3 billion) in debt.
“With this €1.02 billion ($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,” said Jodok Betschart, co-founder and CEO, Cloover.
Founded in 2023 by Betschart, Peder Broms, and Valentin Gönczy, Cloover claims to be building the digital nervous system of the distributed energy economy. Its end-to-end solution helps manufacturers, installers, investors, and households transition to clean, affordable, and independent energy.
Cloover was founded after the team conducted research with energy installers across Europe and figured out that even though the demand for decentralised energy was surging, the industry lacked the infrastructure to support mass adoption, with financing emerging as the key bottleneck. While sectors such as automotive are supported by numerous specialised lenders, residential energy assets have only a handful.
The German startup was created to close this gap by combining financing with modern software infrastructure through a platform that supports installers rather than competing with them.
According to the company, Europe’s energy transition depends on a large number of small and mid-sized installers, and most work with fragmented software, manual workflows, and limited access to financing. Cloover states that traditional banks are ill-equipped to finance residential energy assets at the required pace and granularity. This causes delays that hamper installations and make clean energy unaffordable for many households.
Clover’s modus operandi involves embedding financing directly into installer workflows and pairing it with an end-to-end software platform built specifically for decentralised energy. It uses AI-powered credit underwriting, which evaluates long-term energy savings together with traditional credit metrics.
The company also pre-finances public subsidies, allowing consumers to benefit immediately from state incentives. For institutional investors, Cloover offers access to an impact-aligned infrastructure asset class, backed by performance data, climate impact tracking, and visibility across the value chain.
Cloover’s AI-powered platform integrates workflow management, financing, procurement, and energy optimisation into one operating system. It claims to automate complex workflows, detect risks early, and empower data-driven decisions from the first customer, leading to long-term energy-management through Cloover’s EMS and dynamic tariffs. The company’s AI Finance co-pilot helps SME installers solve capital flow challenges along the whole value chain and improve liquidity.
Explaining the benefits for installers and homeowners, Cloover stated in the press release: “Installers using Cloover offer financing at the point of sale. Automated workflows reduce administrative burden and improve throughput, while access to capital shortens cash cycles. On average, installer partners generate 30% incremental revenue through Cloover by reaching customers they previously could not serve. Homeowners benefit from access to decentralised energy without large upfront investments and see between 20 and 30% savings on energy costs through optimised system 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,” said Valentin Gönczy, co-founder and CPO at Cloover.
The company aims to use the fresh capital to expand into additional European markets, with a focus on France, Italy, the UK, and Austria. It also aims to deepen its platform with further AI-driven workflow automation and financing products.
Cloover reported that it grew revenues more than 8x in 2025 while remaining profitable, approaching €85.3 million ($100 million) in sales. It aims to hit €426.7 million ($500 million) in 2026 and nearly €850 million ($1 billion) in 2027. It currently operates in Germany, Switzerland, Sweden, and the Netherlands.
