Germany-based energy tech startup Cloover has raised $22 million in Series A equity financing 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 additional backing from Lowercarbon Capital and others.
The debt facility, provided by a major European bank, will support customer and installer financing. Cloover will also benefit from a €300 million (about $351 million) guarantee from the European Investment Fund, which will enable it with low-cost capital for the energy transition.
Overall, the company has raised over $30 million in equity and secured more than $1.3 billion in debt.
With this funding, Cloover aims to enter more European markets, including France, Italy, the UK and Austria, and enhance its platform with AI-driven automation and financing products. The long-term goal is to establish Cloover as a global platform for decentralised energy, connecting various stakeholders through a unified system for affordable, independent energy, the company 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,” Jodok Betschart, co-founder & CEO at Cloover, said in a statement.
Cloover is developing the digital nervous system for the decentralised energy economy. Its AI-driven platform unifies workflow management, financing, procurement, and energy optimisation, automating complex processes and facilitating data-informed decisions from the first customer, leading to efficient energy management through its EMS and variable tariffs.
The company’s AI Finance co-pilot helps SME installers address capital flow issues and improve liquidity for faster growth. By integrating various tools and streamlining financing, Cloover enables installers to close more projects and serve a wider customer base.
It also allows installers to offer financing at the point of sale, enhancing conversion rates and opening new market segments. Automated workflows decrease administrative tasks and improve throughput, while easier access to capital shortens cash cycles.
On average, installers increase revenue by 30% by reaching customers who were previously unreachable. Homeowners access decentralised energy without high upfront costs and save 20% to 30% on energy bills through optimised 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,” added Valentin Gönczy, co-Founder & CPO at Cloover.
Cloover's revenues increased more than eightfold in 2025 while remaining profitable, nearing $100 million in sales. The company projects revenues of $500 million in 2026 and $1 billion in 2027.
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