Berlin’s Cloover secures over $1.2 Billion to build the “Shopify of Energy”

Berlin’s energy transition sector got a defining boost today as Cloover, a climate fintech based in Berlin, announced it has secured more than $1.2 billion in total capital commitments, combining Series A equity and a substantial debt facility to accelerate the rollout of its software and financing platform across Europe.

The financing package includes €18.8 million (approximately $22 million) in Series A equity, led by MMC Ventures and QED Investors, with participation from Lowercarbon Capital, BNVT Capital, Bosch Ventures, Centrotec, and Earthshot Ventures.

Alongside that, a €1.02 billion debt facility provided by a major European bank will be deployed directly as customer and installer financing through Cloover’s platform, backed by a €300 million guarantee from the European Investment Fund to support scalable, low-cost lending for clean energy projects.

For a company that only a few years ago was in seed-stage fundraising, the scale of these commitments marks a striking shift. The debt element is operational capital designed to help manufacturers, installers, and homeowners finance solar panels, batteries, heat pumps, and other distributed energy technologies under a single unified system.

Cloover was founded in 2023 by Jodok Betschart, Peder Broms, and Valentin Gönczy, who arrived at the idea after interviewing hundreds of installers across Europe and hearing the same frustrations: fragmented software stacks, manual processes, and limited access to project financing. They saw a structural gap in the energy transition; demand for decentralised power had surged, but the financing and platform infrastructure to scale it weren’t keeping pace.

That gap is what Cloover’s platform intends to close. At its core is an integrated operating system that combines workflow management, procurement, financing, energy optimisation, and risk analytics into one environment that serves all parts of the distributed energy value chain. Installers can offer financing at the point of sale, streamline operations, and reduce administrative drag.

Homeowners, in turn, gain access to installations with lower upfront costs and financing terms linked to projected energy savings rather than traditional credit scoring.

Some investors now call Cloover the “Shopify for energy”, a digital backbone that supports the entire process of deploying distributed energy systems at scale. The model is built around scalable capital deployment combined with end-to-end software automation, including AI-driven tools for underwriting and operations.
The timing of this financing is noteworthy.

Across Europe, demand for residential solar and decentralised energy solutions is accelerating as regulatory pressure, rising electricity prices, and broader electrification trends push households and businesses toward clean alternatives. Yet installers often struggle with financing bottlenecks. Cloover’s platform embeds capital directly into the sales workflow, turning financing from a hurdle into a built-in feature.

In a statement, CEO Jodok Betschart framed the new financing as a way to enable energy independence without the friction of upfront costs or complex loan applications, noting that the company’s AI operating system connects stakeholders across the value chain.

For European climate tech and energy markets, the scale of Cloover’s backing is remarkable. Few startups in this space have bridged software infrastructure and finance at this magnitude, and the size of the debt commitment signals deep lender confidence in distributed energy as a growth asset class.

It sets a potential precedent for how renewable energy projects can be financed and adopted more quickly across the region, something both policymakers and industry leaders have identified as essential to meeting the EU’s climate goals.