Cloover secures over $1.2B to develop an AI operating system for energy independence

Berlin-based
Cloover 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
support customer and installer financing on the platform.

Cloover is also
backed by a €300 million guarantee from the European Investment Fund,
strengthening its financing programs and access to scalable, cost-efficient
capital.

The size
of the commitment reflects the structural challenges facing Europe’s energy
transition, which depends on a large base of small and mid-sized installers
operating with fragmented systems, manual processes, and limited access to
financing. Traditional banking models are often ill-suited to financing
residential energy assets at the required speed, contributing to installation
delays and higher consumer costs.

Cloover
addresses these constraints through an end-to-end software platform designed
for decentralised energy. The platform integrates workflow management,
financing, procurement, and energy optimisation into a single operating
environment. AI-enabled automation supports operational efficiency, early risk
identification, and data-driven decision-making across the project lifecycle,
from customer onboarding to long-term energy management.

The
platform also includes AI-based financial tools that help installers manage
capital flows and improve liquidity. 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 may improve
conversion rates, reduce administrative effort, and shorten cash cycles.

By
connecting manufacturers, installers, households, and investors within a shared
platform, Cloover aims to support the scalable and transparent deployment of
distributed energy projects, while providing institutional investors with
access to a sustainability-aligned infrastructure asset class.

Commenting
on the announcement, Jodok Betschart, co-founder and CEO, 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.

Cloover
reported more than eightfold revenue growth in 2025 while remaining profitable,
with sales approaching $100 million. The company projects revenue of
approximately $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, and to further develop its
platform with additional AI-driven automation and financing capabilities.