Cloover secures over $1.2B to develop an AI operating system for energy independence
Berlin-based Cloover has secured over $1.2 billion in funding to develop an AI-powered operating system focused on accelerating Europe's energy transition. The substantial capital infusion, composed of a $22 million Series A equity round and a $1.2 billion debt facility, highlights the critical need for advanced digital solutions in the renewable energy sector and strengthens the EU's push for digital sovereignty. This financial backing aims to address inefficiencies in the decentralized energy market. The equity round was led by MMC Ventures and QED Investors, with contributions from Lowercarbon Capital, BNVT Capital, Bosch Ventures, Centrotec, and Earthshot Ventures. The debt facility is provided by a major European bank, and is further supported by a €300 million guarantee from the European Investment Fund. Cloover’s platform integrates workflow management, financing, procurement, and energy optimization into a unified system, utilizing AI for automation, risk identification, and data-driven decision-making. Cloover's platform is designed to streamline the deployment of distributed energy projects, with AI tools assisting installers in managing capital flow and improving liquidity. This approach enables installers to offer financing at the point of sale, potentially boosting conversion rates and reducing administrative burdens. This innovative system aims to connect manufacturers, installers, households, and investors within a shared platform. Cloover, which experienced over eightfold revenue growth in 2025 while remaining profitable, is projecting revenues of approximately $500 million in 2026 and $1 billion in 2027. The company plans to expand into additional European markets, including France, Italy, the United Kingdom, and Austria, with further development of its AI-driven automation and financing capabilities.
Curated and translated by Europe Digital for our multilingual European audience.
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