Berlin-based AI Energy Platform Cloover Secures €86.2 Million in Funding

Berlin-based AI-native energy platform Cloover has raised €86.2 million (approximately $100 million) in a new funding round and secured a €350 million guarantee from the European Investment Fund (EIF). The company, which focuses on residential solar, heat pumps, and home electrification, has reached profitability three years after its inception, with annualized revenue exceeding €301.7 million. Cloover plans to expand into the UK, France, and Poland while launching an AI-native 'neo-utility' model that aggregates distributed energy resources into virtual po