Germany-based energy technology startup Cloover has secured a major funding boost, raising $22 million in Series A equity financing alongside a $1.2 billion debt facility, taking its total capital commitments to $1.222 billion. The fresh capital positions the company to significantly accelerate the rollout of decentralised clean energy solutions across Europe, at a time when households and installers are seeking simpler, more affordable paths to energy independence.
The Series A equity round was led by MMC Ventures and QED Investors, with participation from Lowercarbon Capital and additional strategic backers. Complementing the equity raise, Cloover has arranged a large debt facility from a major European bank, which will be used to finance customer installations and support installers with flexible, point-of-sale financing. The company will also benefit from a €300 million guarantee from the European Investment Fund, enabling access to lower-cost capital aligned with Europe’s broader energy transition goals.
With this funding, Cloover plans to expand its footprint across several key European markets, including France, Italy, the United Kingdom, and Austria. At the core of its strategy is an AI-driven platform that integrates workflow management, financing, procurement, and energy optimisation into a single operating system. “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,” said Jodok Betschart, co-founder and CEO at Cloover.
Cloover positions itself as the digital infrastructure layer for the decentralised energy economy. By combining software and embedded finance, the platform helps installers improve liquidity, close more projects, and reach new customers, while offering homeowners a seamless experience to adopt solar, storage, and other distributed energy solutions.
Valentin Gönczy, co-founder and chief product officer, said the company’s ambition extends beyond financing alone. “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,” he added.
The company’s growth metrics underscore its momentum. Cloover said revenues grew more than eightfold in 2025 and are approaching $100 million in annual sales, highlighting strong demand for integrated, AI-enabled energy platforms as Europe accelerates its shift toward decentralised and sustainable power systems.
