Berlin's Cloover Turns Profitable, Secures €86.2M Facility for Solar Platform

Founded in 2023 by Jodok Betschart, Peder Broms and Valentin Gönczy, Cloover supplies independent installation businesses with financing, software and energy products. Rather than building its own sales force, the company built what it describes as an AI-native operating system for independent installers, who according to Tech.eu serve around 85 per cent of the market. Installers keep their name, their customers and their choice of hardware, selling products from solar and heat pumps to energy-efficient renovations with financing embedded at the point of sale.

The systems financed through the platform are pooled into a virtual power plant, which Cloover describes as making it an AI-native neo-utility. In 2024, the company announced a €105 million Seed round led by Lowercarbon Capital.

EU-Startups reported that co-founder Jodok Betschart said the company reaches households through the installers they already trust, then turns each home into a power plant and each homeowner into a participant in the energy market, describing it as a relationship that lasts for decades rather than a single transaction.

AI Startups Draw Cross-Border Funding, From London Hiring Agents to Riyadh Procurement

Four AI-focused startups across the UK, Saudi Arabia, Lithuania and the US disclosed new funding rounds ranging from €1.7 million to $875 million.