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.
