Berlin-based startup Cloover has announced a financing package worth $1.222 billion, combining new equity with a substantial debt facility to accelerate residential clean energy installations across Europe.
The company secured $22 million in Series A equity financing alongside a $1.2 billion debt facility. Cloover intends to utilise the debt funding to provide dedicated financing options for both customers and installers through its proprietary platform.
The equity round was led by MMC Ventures and QED Investors, with participation from Lowercarbon Capital, BNVT Capital, Bosch Ventures, Centrotec, and Earthshot Ventures.
While Cloover confirmed that the $1.2 billion debt facility was provided by a leading European bank, the company has chosen not to disclose the lender's identity.
Furthermore, Cloover revealed it has secured a €300 million guarantee from the European Investment Fund (EIF). This backing is expected to underpin the company's various financing programmes as it scales its operations.
Installer focus
Cloover operates in Germany, Switzerland, Sweden, and the Netherlands. It positions its business around small and mid-sized installation firms working with solar panels, home batteries, heat pumps, and EV charging.
The company said many installers run fragmented software and manual workflows. It also said these firms often struggle to access capital, particularly for residential projects where ticket sizes and customer profiles vary widely.
Cloover said it embeds financing into installer workflows. It offers software for workflow management and procurement. It also offers energy optimisation features through an energy management system and dynamic tariffs, according to the company.
The company described its platform as AI-powered. It said the system automates workflows and flags risks earlier in the process.
Credit and subsidies
Cloover said it uses AI-powered credit underwriting. The company said the model evaluates long-term energy savings alongside traditional credit metrics.
It also said it pre-finances public subsidies. Cloover said this allows customers to receive the effect of state incentives immediately rather than after administrative processing.
The company framed this approach as a way of improving the pace of residential installations. It also said traditional banks struggle to finance residential energy assets at speed and at the level of granularity required for large numbers of small projects.
"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 revolutionizes how energy independence becomes the new norm" said Jodok Betschart, Co-Founder & -CEO at Cloover.
Commercial growth
Cloover said it grew revenues more than eight-fold in 2025 while remaining profitable. It said it approached USD $100 million in sales.
The company also set out forward projections. Cloover said it is projecting USD $500 million in 2026 and USD $1 billion in 2027.
The company said installer partners generate "30 percent incremental revenue" on average through Cloover. It attributed that to access to customers that installers previously could not serve.
Cloover also made claims about consumer outcomes. It said homeowners see between 20 and 30 percent savings on energy costs through optimised system performance and financing.
Product scope
Cloover said its platform integrates workflow management, financing, procurement, and energy optimisation into one operating system. It also described an "AI Finance co-pilot" aimed at installer liquidity and capital flow management.
The company said installers can offer financing at the point of sale. It said automated workflows reduce administrative work and improve throughput. It also said access to capital shortens cash cycles.
Valentin Gönczy, Co-Founder and CPO, said Cloover sees its role as infrastructure that links multiple participants in the market.
"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 Gönczy.
Market expansion
Cloover said it will expand into additional European markets. It said it is considering France, Italy, the UK, and Austria.
The company also said it plans further AI-driven workflow automation and additional financing products.
MMC Ventures said it backed Cloover based on the scale of the market and the company's execution.
"Cloover is tackling one of the largest and most structurally important opportunities in the European energy transition. What truly sets them apart is execution: in 2025 the team delivered outstanding commercial progress while building the foundations of a scalable platform business. Jodok, Peder and Valentin have assembled an exceptional team with deep expertise across energy, software, and credit, and we're excited to back them as they scale Cloover into a category-defining company." said Oliver Richards, General Partner at MMC Ventures.
Cloover said it was founded in 2023 by Jodok Betschart, Peder Broms and Valentin Gönczy. The company said it expects policy support for decentralised energy, higher electricity demand, and growth in electric mobility to continue shaping the market as it expands into new territories.