Cloover secures €1.04B in capital commitments to scale embedded energy finance
Cloover, a Berlin-based climate FinTech positioning itself as the “Shopify of energy,” said it has secured a combined €1.04 billion in capital commitments to accelerate household energy independence across Europe. The company announced a €18.8 million Series A equity round alongside a €1.02 billion debt facility designed to fund customer and installer financing through its platform.
The Series A was led by MMC Ventures and QED Investors, with participation from Lowercarbon Capital, BNVT Capital, Bosch Ventures, Centrotec, and Earthshot Ventures. The debt facility was provided by an unnamed European bank and will be used to finance installations and related customer loans facilitated via Cloover’s software.
EIF guarantee aims to lower the cost of capital
In addition to the debt line, Cloover said it benefits from a €300 million guarantee from the European Investment Fund (EIF). The company said the guarantee supports its financing programmes and enables “scalable, low-cost capital” intended to speed up deployment of distributed energy assets such as residential solar and storage.
With the latest announcement, Cloover said it has now raised more than €25.6 million in equity financing and secured over €1.11 billion in debt commitments to date.
Software plus financing: tackling the bottleneck for residential clean energy
Jodok Betschart, co-founder and CEO of Cloover, framed the financing package as a way to remove friction that often slows adoption of decentralised energy systems.
“With this €1.02 billion commitment, we’re enabling households to become energy independent, without the friction of upfront costs or complex loan applications,” Betschart said. He added that the company’s AI operating system is designed to connect stakeholders across the value chain, from installers to capital providers.
Founded in 2023 by Betschart, Peder Broms, and Valentin Gönczy, Cloover describes its product as an end-to-end platform that combines workflow software with embedded financing for residential energy assets. The company says it built the business after research with installers across Europe highlighted a persistent gap: demand for decentralised energy is rising, but the industry lacks the infrastructure to support mass adoption—particularly when it comes to financing.
While consumer sectors such as automotive benefit from a deep bench of specialised lenders, Cloover argues that residential energy assets are still served by relatively few financing providers. As a result, installers often face delays, manual processes, and cash-flow constraints that can limit how many projects they can take on.
How the platform works for installers, homeowners, and investors
Cloover’s model is to embed financing directly into installer workflows, pairing it with an operating system built for decentralised energy. The company said it uses AI-powered credit underwriting that evaluates long-term energy savings alongside traditional credit metrics. It also pre-finances public subsidies, allowing customers to benefit from incentives immediately rather than waiting for reimbursement.
For institutional capital, Cloover positions residential energy deployments as an “impact-aligned infrastructure asset class,” supported by performance data, climate impact tracking, and visibility across the value chain. The platform integrates workflow management, financing, procurement, and energy optimisation, with the company claiming it can automate complex processes, surface risks early, and support long-term energy management through its energy management system and dynamic tariffs.
The company also promotes an AI Finance co-pilot aimed at helping small and mid-sized installers manage liquidity and capital flows across projects—an area that can become a growth constraint as installers scale.
In its announcement, Cloover said installer partners can offer financing at the point of sale and reduce administrative burden through automation. The company claimed that, on average, installer partners generate 30% incremental revenue by reaching customers who previously could not be served. For homeowners, it said the combination of financing and optimisation can deliver 20% to 30% energy cost savings through improved system performance and financing structure.
Valentin Gönczy, co-founder and CPO, said the ambition extends beyond lending. “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 said.
Expansion plans and growth targets
Cloover said it will use the new capital to expand into additional European markets, focusing on France, Italy, the UK, and Austria, while continuing to deepen its platform with further AI-driven workflow automation and new financing products.
The company reported that revenue grew more than eightfold in 2025 while remaining profitable, approaching €85.3 million in sales. It is targeting €426.7 million in 2026 and nearly €850 million in 2027. Cloover currently operates in Germany, Switzerland, Sweden, and the Netherlands.
Related
