Berlin-based Cloover raises $22M Series A and secures $1.2B in debt to scale AI-driven financing and software for Europe’s energy transition.
Cloover, a Berlin-based platform focused on decentralized energy, said it has completed a $22 million Series A equity round 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 participation from Lowercarbon Capital, BNVT Capital, Bosch Ventures, Centrotec, and Earthshot Ventures. The debt facility, provided by a major European bank, will be used to support customer and installer financing on Cloover’s platform. The company is also backed by a €300 million guarantee from the European Investment Fund, strengthening access to scalable and cost-efficient capital.
Cloover said the scale of the financing reflects the structural challenges facing Europe’s energy transition, which relies heavily on small and mid-sized installers operating with fragmented systems, manual processes, and limited access to financing. Traditional banking models, the company said, are often poorly suited to financing residential energy assets at the speed required, leading to installation delays and higher costs for consumers.
The company’s end-to-end software platform is designed to address those constraints by integrating workflow management, financing, procurement, and energy optimization into a single operating environment. AI-enabled automation supports operational efficiency, early risk identification, and data-driven decision-making across the full project lifecycle—from customer onboarding to long-term energy management.
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Cloover also offers AI-based financial tools to help installers manage liquidity and capital flows. Its AI-driven credit underwriting evaluates projected energy savings alongside traditional credit factors, while pre-financing of public subsidies allows consumers to access state incentives upfront. Installers can offer financing at the point of sale, which Cloover said can improve conversion rates, reduce administrative friction, and shorten cash cycles.
By connecting manufacturers, installers, households, and investors on a shared platform, Cloover aims to enable more transparent and scalable deployment of distributed energy projects, while giving institutional investors access to sustainability-aligned infrastructure assets.
“With this $1.2 billion commitment, we’re enabling households to become energy independent without the friction of upfront costs or complex loan applications,” said Jodok Betschart, co-founder and chief executive of Cloover. “Our AI operating system connects stakeholders across the value chain and changes how energy independence becomes the norm.”
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Cloover reported more than eightfold revenue growth in 2025 while remaining profitable, with sales nearing $100 million. The company projects revenue of about $500 million in 2026 and $1 billion in 2027.
Following the new financing, Cloover plans to expand into additional European markets, including France, Italy, the United Kingdom, and Austria, while continuing to invest in AI-driven automation and financing capabilities.
