German green fintech Cloover announced that it has secured $1.22 billion in financing, including $1.2 billion in debt and $22 million in Series A equity financing, as the company looks to scale its “AI operating system for the energy sector” to provide financing for residential clean energy systems across Europe.

Founded in 2022 to address infrastructure gaps in decentralized energy, Berlin-based Cloover provides a software and financing platform designed for small and mid-sized installers of technologies such as solar panels, batteries, heat pumps and EV chargers.

Described by the company as the “Shopify of Energy,” Cloover’s platform brings together financing, workflow management, procurement and energy optimization features for installers, simplifying project delivery and improving access to capital for installers and households.

According to the company, the platform generates an additional 30% of revenue for installers by enabling them to reach customers they couldn’t otherwise serve, while homeowners benefiting from access to decentralized energy without high upfront investments can achieve cost savings of 20% – 30% through optimized system performance and financing.

The financing is intended to address persistent bottlenecks in Europe’s energy transition, where installers often rely on fragmented software and face limited access to capital. Cloover’s platform uses AI-powered credit underwriting that factors in long-term energy savings and can pre-finance public subsidies so customers can benefit immediately from incentives.

Jodok Betschart, Co-Founder and CEO of Cloover, said:

“With this US$1.2 billion commitment, we are 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.”

With the new capital, Cloover said that it plans to expand into additional European markets, including France, Italy, the UK and Austria, as well as further develop its software and financing products to support the rollout of residential energy systems at scale.

The equity round was led by MMC Ventures and QED Investors. The US$1.2 billion debt facility was provided by a leading European bank and will be used to fund customer and installer financing on the platform. Cloover also benefits from a €300 million guarantee from the European Investment Fund, which supports its financing programs.

Oliver Richards, General Partner at MMC Ventures, said:

“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.”