In January 2026, the Berlin-based climate fintech Cloover secured $1.222 billion in total capital commitments. The financing includes $22 million (€18.8M) in Series A equity led by MMC Ventures and QED Investors, alongside a massive $1.2 billion (€1.02B) debt facility provided by a major European bank.
The company is led by Co-Founders and Co-CEOs Jodok Betschart and Peder Broms. Cloover is building the “Shopify of Energy”—an AI-powered operating system that empowers solar installers, heat pump manufacturers, and EV charger providers to offer embedded financing and integrated workflow management to residential customers.
The transition to decentralized energy is currently bottlenecked by upfront capital requirements and complex lending processes. Cloover addresses this by utilizing an automated underwriting engine that allows installers to provide renewable upgrades as a subscription service. This shift from hardware sales to “Energy-as-a-Service” mirrors the orchestration of vertical compliance platforms, where financial friction is removed through systemic automation.
The new capital will be used to expand into the UK, France, Italy, and Austria, following an 8x revenue surge in 2025. By enforcing high-fidelity logic across the credit value chain, Cloover provides a level of operational integrity similar to AI-native logic enforcement layers, ensuring that climate-critical assets are financed and deployed with institutional precision.
Market Signal
- The “Infrastructure Gap” Alpha: Cloover’s $1.2B debt facility—backed by a €300M European Investment Fund guarantee—validates that distributed energy is becoming a top-tier asset class. Investors are moving away from speculative climate tech toward “Backbone” platforms that enable physical deployment at scale.
- Vertical OS Dominance: By providing installers with a unified portal for sales, CRM, and financing, Cloover creates a “Sticky” platform that general-purpose lenders cannot replicate. This vertical-first strategy is a trend also seen in automotive-specific AI employee models.
- The $1 Billion Trajectory: Approaching $100M in sales in 2025 while remaining profitable proves that Cloover has solved the “Unit Economic” puzzle of climate finance. With a projected $500M in revenue for 2026, the company is positioning itself as the primary digital nervous system for Europe’s energy independence.
Key Details
- Company: Cloover
- Funding: $22M Equity / $1.2B Debt
- Headquarters: Berlin, Germany
- Lead Investors: MMC Ventures, QED Investors
- Co-CEOs: Jodok Betschart, Peder Broms
- Use Case: AI-powered energy operating system, solar installer software, and embedded climate finance
