Cloover, a clean energy startup, announced on Wednesday that it has secured $22 million in Series A equity financing, alongside a $1.2 billion debt facility, bringing its total capital commitments to $1.222 billion.
The equity round, according to the startup, was led by MMC Ventures and QED Investors, with participation from Lowercarbon Capital, BNVT Capital, Bosch Ventures, Centrotec, and Earthshot Ventures.
It explained that the debt facility was provided by a leading European bank to fund customer and installer financing on the platform.
“With this $1.2 billion commitment, we’re enabling households to become energy independent, without the friction of upfront costs or complex loan applications. Our AI operating system connects stakeholders across the value chain and revolutionises how energy independence becomes the new norm,” Jodok Betschart, Co-Founder & -CEO at Cloover said.
The startup said it also benefited from a €300 million guarantee from the European Investment Fund, which underpins its financing programs and enables scalable, low-cost capital for the energy transition.
In total, Cloover said it has now raised more than $30 million in equity financing and secured over $1.3 billion in debt.
With the new capital, Cloover said it will expand into additional European markets and is considering France, Italy, the United Kingdom, and Austria, to deepen its platform with further AI-driven workflow automation and financing products.
The startup said it is building the digital nervous system of the distributed energy economy. Its AI-powered platform integrates workflow management, financing, procurement, and energy optimisation into one seamless operating system.
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It automates complex workflows, detects risks early, and empowers data-driven decisions from the first customer, leading to long-term energy management through Cloover’s EMS and dynamic tariffs.
Valentin Gönczy, Co-Founder & CPO at Cloover said: “Cloover is not just about financing – we’re building the backbone for energy independence. We are creating the Shopify of Energy: a platform that equips manufacturers, installers, households, and investors with the tools to grow, collaborate, and deliver distributed energy at scale.”
Cloover said it grew its revenues more than eight times in 2025 while remaining profitable, approaching $100 million in sales.
The company said it is projecting $500 million in 2026 and $1 billion in 2027, underscoring the explosive demand for distributed energy solutions.
