Berlin-based climate fintech company Cloover has secured over $1.2 billion in funding commitments, comprising equity and debt facilities from investors, to build an AI operating system to support residential and decentralized renewable energy solutions.

The funding package comprised $22 million in Series A equity financing and a $1.2 billion debt facility.

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

The debt facility was provided by a European bank to fund customer and installer financing on the platform.

Additionally, Cloover also received a €300 million guarantee from the European Investment Fund.

Jodok Betschart, Co-Founder and CEO at Cloover, said that with this $1.2 billion commitment, Cloover is enabling households to become energy independent, without the friction of upfront costs or complex loan applications.

The company has so far raised more than $30 million in equity financing and secured over $1.3 billion in debt.

The company focuses on AI-powered credit underwriting that evaluates long-term energy savings rather than relying solely on traditional credit metrics.

Cloover also pre-funds public subsidies, allowing consumers to benefit from state incentives immediately.

For institutional investors, the company opens the door to a new impact-aligned infrastructure asset class, backed by real performance data, climate impact tracking, and full transparency across the value chain.

Cloover’s AI-powered platform integrates workflow management, financing, procurement, and energy optimization into one seamless operating system.

It also automates complex workflows, detects risks early, and empowers data-driven decisions from the first customer, leading to long-term energy-management through Cloover’s energy management system and dynamic tariffs.

The company’s AI Finance co-pilot also helps small and medium-sized enterprise installers address capital flow challenges across the entire value chain and improve liquidity, enabling faster growth.

In 2025, Cloover’s revenue grew 8X, approaching $100 million in sales. The company is projecting $500 million in 2026 and $1 billion in 2027.

In 2024, the company secured $114 million in a seed funding round led by Lowercarbon Capital, founded by venture capitalist Chris Sacca, and with participation from existing investors 9900 Capital and QED.

Global corporate solar funding dropped by 16% year-over-year, with $22.2 billion raised in 175 deals, compared to $26.3 billion in 157 deals in 2024, according to Mercom Capital Group’s 2025 Annual and Q4 Solar Funding and M&A Report.