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.