Cloover is expanding its software and financing platform for decentralized energy, aiming to scale across new markets while further automating installer workflows and improving access to affordable, independent energy for households.
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.