The race to stabilize Europe’s grid and meet surging electricity demand—partially fueled by the expansion of AI data centers and electric vehicles—just got a massive financial injection. Berlin-based Cloover announced a landmark $1.222 billion financing commitment aimed at solving the biggest bottleneck in the energy transition: getting solar, batteries, and heat pumps installed quickly and affordably in homes.
The capital commitment is structured as $22 million in Series A equity, led by MMC Ventures and QED Investors, paired with a massive $1.2 billion debt facility from a leading European bank. This debt is crucial, as it is earmarked specifically to fund customer and installer financing on the platform, essentially providing the embedded capital necessary for mass adoption.
Cloover is not building hardware; it is building the software and financial infrastructure. The company calls its product the \"AI operating system for energy independence.\"
The core problem Cloover is addressing is the fragmented nature of the decentralized energy market. Hundreds of thousands of small and mid-sized installers across Europe struggle with manual workflows, disconnected software, and, most critically, limited access to capital. Traditional banks are too slow and rigid to finance residential energy assets at the speed required for the transition.
Cloover’s solution is to embed financing directly into the installer’s workflow, pairing it with an end-to-end software platform. This allows installers to offer point-of-sale financing, dramatically increasing conversion rates and unlocking new market segments.
The AI Underwriting Engine
At the heart of the platform is AI-powered credit underwriting. Instead of relying solely on traditional credit metrics, Cloover’s system evaluates long-term energy savings and system performance. This fundamentally changes the risk profile, making clean energy assets accessible to households that might otherwise be priced out. Furthermore, the platform pre-finances public subsidies, ensuring consumers benefit from state incentives immediately.
Cloover co-founder and CEO Jodok Betschart stated that the $1.2 billion commitment enables households to become energy independent \"without the friction of upfront costs or complex loan applications.\"
The platform integrates workflow management, procurement, financing, and energy optimization. This integrated approach, which Cloover co-founder Valentin Gönczy likened to creating the \"Shopify of Energy,\" automates complex tasks and shortens cash cycles for installers. Cloover claims that its installer partners generate, on average, 30 percent incremental revenue by reaching customers they previously could not serve. Homeowners, meanwhile, see 20 to 30 percent savings on energy costs through optimized system performance and financing.
The company’s growth trajectory reflects the urgency of the market. Cloover grew revenues more than 8x in 2025, approaching $100 million in sales, and is projecting $500 million in 2026. This aggressive scaling is driven by powerful market forces: grid instability, government policy acceleration, and the sheer demand for decentralized control over energy supply.
With the new capital, Cloover plans to expand its platform and financing products into additional European markets, including France, Italy, the UK, and Austria, cementing its position as a critical infrastructure layer for the continent’s energy future.
