## Cloover aims for energy independence with AI Berlin-based startup Cloover has announced that it has raised over $1.2 billion to develop an artificial intelligence (AI)-based operating system with the aim of promoting energy independence. The company has closed a $22 million Series A funding round, led by MMC Ventures and QED Investors, and secured a $1.2 billion debt facility from a major European bank. This brings the total capital commitments to $1.222 billion. ## Funding details and objectives The funding will support customer and installer financing on the Cloover platform. The company is also supported by a €300 million guarantee from the European Investment Fund, strengthening its financing programs and access to scalable, cost-efficient capital. Cloover aims to address the structural challenges hindering the energy transition in Europe, supporting a vast network of small and medium-sized installers operating with fragmented systems and manual processes. ## Cloover's AI platform Cloover's platform integrates workflow management, financing, procurement, and energy optimization into a single operating environment. AI-based automation supports operational efficiency, early risk identification, and data-driven decision-making throughout the project lifecycle. The platform also includes AI-based financial tools that help installers manage capital flows and improve liquidity. AI-driven credit underwriting evaluates projected energy savings alongside traditional credit factors. ## Expansion and future growth Cloover plans to expand into additional European markets, including France, Italy, the United Kingdom, and Austria, and to further develop its platform with additional AI-driven automation and financing capabilities. The company reported more than eightfold revenue growth in 2025, remaining profitable, with sales approaching $100 million. It projects revenue of approximately $500 million in 2026 and $1 billion in 2027.