Cloover has raised $1.22 billion in new financing to accelerate the rollout of its residential clean energy fintech platform across Europe. The funding package includes $1.2 billion in debt financing alongside $22 million in Series A equity, providing the company with the scale needed to support installers and households adopting decentralized energy technologies.

Founded in 2022 and headquartered in Berlin, Cloover was created to address persistent infrastructure and financing gaps in Europe’s distributed energy transition. The company positions its platform as an AI-driven operating system for the energy sector, designed to simplify project delivery and unlock capital for residential clean energy installations.

A Platform Built for Installers and Households

Cloover’s software and financing platform targets small and mid-sized installers working with technologies such as solar panels, batteries, heat pumps, and electric vehicle chargers. By integrating financing, workflow management, procurement, and energy optimization into a single system, the platform aims to reduce complexity and improve execution across the value chain.

Often described as the Shopify of energy, Cloover’s model is designed to help installers overcome fragmented software tools and limited access to capital. According to the company, installers using the platform can generate around 30 percent additional revenue by reaching customers they would otherwise be unable to serve. For households, the platform removes the need for high upfront investment and enables cost savings of 20 to 30 percent through optimized system performance and tailored financing.

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Using AI to Unlock Energy Transition Finance

The new financing is intended to address structural bottlenecks that continue to slow Europe’s residential energy transition. Installers frequently face cash flow constraints and reliance on manual processes, while households encounter complex loan applications and delayed access to public subsidies.

Cloover’s platform uses AI-powered credit underwriting that factors in projected long-term energy savings when assessing affordability. It can also pre-finance public subsidies, allowing customers to benefit immediately from incentive schemes rather than waiting for reimbursement. This approach is designed to make clean energy systems more accessible while improving project economics for installers.

Jodok Betschart, Co-Founder and Chief Executive Officer of Cloover, said the financing will allow households to move toward energy independence without the friction of upfront costs or complex financing processes. He emphasized that the company’s AI operating system connects stakeholders across the energy value chain, reshaping how decentralized energy adoption scales across Europe.

Expansion Plans and Strategic Backing

With the new capital, Cloover plans to expand beyond its existing markets into additional European countries including France, Italy, the United Kingdom, and Austria. The company also intends to continue developing its software and financing products to support higher installation volumes and more diverse residential energy systems.

The equity round was led by MMC Ventures and QED Investors, reflecting strong investor interest in platforms that combine fintech with climate infrastructure. The $1.2 billion debt facility was provided by a leading European bank and will be used to finance installers and end customers directly on the platform.

Cloover’s financing model is further supported by a €300 million guarantee from the European Investment Fund, which underpins the company’s lending programs and reduces risk for capital providers.

Oliver Richards, General Partner at MMC Ventures, described Cloover as addressing one of the most structurally significant opportunities in Europe’s energy transition. He highlighted the company’s execution in 2025, noting strong commercial momentum alongside the development of a scalable platform business.

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Implications for Europe’s Residential Energy Transition

Cloover’s funding round underscores the growing role of fintech in accelerating clean energy adoption at the household level. As governments push for electrification and efficiency upgrades, the ability to combine software, financing, and operational support is becoming central to scaling decentralized energy.

By focusing on installers as well as end users, Cloover is positioning itself as infrastructure for the residential energy market rather than a single-purpose finance provider. If successful, its model could help reduce friction across Europe’s fragmented installation landscape and play a meaningful role in translating climate policy ambitions into on-the-ground deployment of clean energy systems.

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