Cloover Secures $1.2bn to Build AI Operating System for Energy Independence

By Dipo Olowookere

About $1.222 billion in both equity financing and debt facility has been secured by a pan-European platform building an operating system for energy independence, Cloover.

The company, established in 2023 by Jodok Betschart, Peder Broms and Valentin Gönczy, recently received $22 million in Series A equity funding and a $1.2 billion loan to enable it build Artificial Intelligence (AI) operating system for its operations.

The globe is racing to secure its energy future as electricity demand rises, grids come under pressure, and households face growing uncertainty over costs and supply.

At the same time, demand for decentralized energy solutions like solar, batteries, heat pumps, and EV charging is surging. The missing piece has been infrastructure that can deliver these systems at scale.

Cloover is building the digital nervous system of the distributed energy economy. Its AI-powered platform integrates workflow management, financing, procurement, and energy optimization into one seamless operating system. It automates complex workflows, detects risks early, and empowers data-driven decisions from the first customer leading to long-term energy-management through Cloover’s EMS and dynamic tariffs.

Further, Cloover’s AI Finance co-pilot helps SME installers solve capital flow challenges along the whole value chain and improve liquidity to enable faster growth. By replacing disconnected tools and slow financing processes with one integrated system, Cloover enables installers to close more projects, move faster, and serve a broader customer base.

A statement from the energy firm disclosed that 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 leading European bank to fund customer and installer financing on the platform.

Cloover also benefits from a €300 million guarantee from the European Investment Fund, which underpins its financing programs and enables scalable, low-cost capital for the energy transition. In total, Cloover has now raised more than $30 million in equity financing and secured over $1.3 billion in debt.

With the new capital, Cloover will expand into additional European markets and is considering France, Italy, the UK, and Austria, deepen its platform with further AI-driven workflow automation and financing products.

“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,” the chief executive of Cloover, Mr Betschart said.

Also, the chief product officer at Cloover, Valentin Gönczy, said, “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.”

The General Partner at MMC Ventures, Oliver Richards, while commenting, 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. 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.”