Berlin's Cloover Secures $1.2 Billion for Energy Platform
The Cloover founders: Vivek Jain (CTO), Yodok Betschart (CEO), Peder Broms (CEO, CFO, Valentin Gönczy (CPO/COO) - © Cloover
Berlin-based Cloover has closed one of Europe's largest climate tech financings, securing $1.222 billion to scale its AI operating system for the energy sector. The round includes $22 million in Series A equity led by MMC Ventures and QED Investors, alongside a $1.2 billion debt facility from a leading European bank and a €300 million guarantee from the European Investment Fund, according to a LinkedIn post from the company.
The startup positions itself as the "Shopify of Energy," unifying financing, workflow management, procurement, and energy optimization for installers across Europe. Rather than competing directly with consumer-facing companies like Enpal or 1Komma5°, Cloover operates as a B2B partner for local and regional installation businesses.
"We built Cloover to enable every household to become energy independent with just a few clicks and no upfront investment," CEO and co-founder Jodok Betschart told Trending Topics in an interview. The platform allows installers to offer solar panels, batteries, heat pumps, and EV charging for €100-150 per month over 25 years, removing the barrier of high upfront costs that typically range from €30,000-50,000.
Cloover's AI-powered credit assessment system differs from traditional banks by factoring in future energy savings and production alongside standard credit metrics. This approach enables the company to finance customers who might be rejected by conventional lenders, including self-employed individuals and retirees.
The platform currently works with hundreds of installers across Europe and has achieved 8x revenue growth in 2025 while remaining profitable. Installers using Cloover generate 34% additional revenue on average, while homeowners save 20-30% on energy costs.
Betschart projects monthly recurring revenue will reach $35-40 million by the end of 2026, translating to a $500 million annual run rate. The company recently expanded into Austria through a partnership with heat pump installer Heizma, demonstrating its pan-European ambitions.
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