Cloover has announced a major financing commitment to accelerate the rollout of residential energy independence across Europe.

The company has secured $22 million in Series A equity financing alongside a $1.2 billion debt facility, bringing total capital commitments to $1.222 billion.

The equity round was led by MMC Ventures and QED Investors, with participation from Lowercarbon Capital, BNVT Capital, Bosch Ventures, Centrotec, and Earthshot Ventures.

A leading European bank provided the debt facility to support customer and installer financing, further strengthened by a €300 million ($350 million) guarantee from the European Investment Fund, enabling scalable, low-cost capital for the energy transition.

In total, Cloover has raised over $30 million in equity and secured more than $1.3 billion in debt.

This substantial commitment reflects the urgency of the challenge Cloover is addressing. Europe’s energy transition depends heavily on hundreds of thousands of small and mid-sized installers, many of whom rely on fragmented software, manual processes, and lack access to financing.

Traditional banks struggle to finance residential energy assets efficiently, leading to delays and higher costs for households.

Cloover addresses this bottleneck by embedding financing directly into installer workflows through an end-to-end software platform purpose-built for decentralized energy.

Central to Cloover’s approach is AI-powered credit underwriting, which evaluates projects based on long-term energy savings rather than traditional credit metrics alone.

The platform also pre-finances public subsidies so homeowners can benefit immediately from government incentives.

 “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 revolutionizes how energy independence becomes the new norm” said Jodok Betschart, Co-Founder & -CEO at Cloover.

“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” added Valentin Gönczy, Co-Founder & CPO at Cloover.

“Cloover is tackling one of the largest and most structurally important opportunities in the European energy transition. What truly sets them apart is execution: in 2025 the team delivered outstanding commercial progress while building the foundations of a scalable platform business. Jodok, Peder and Valentin have assembled an exceptional team with deep expertise across energy, software, and credit, and we’re excited to back them as they scale Cloover into a category-defining company.” said Oliver Richards, General Partner at MMC Ventures. -TradeArabia News Service