Cloover

🎉 We are thrilled to announce the successful closing of our oversubscribed $114 million seed round, led by Lowercarbon Capital, followed by our existing investors 9900 and QED Investors with Fontes who doubled down. 🚀 On our path towards connecting 1 billion people to renewable energy, this marks a tremendous milestone. We want to accelerate the green energy transition by connecting the dots and leveraging synergies across the entire value chain. 🔋The funding will enable us to enhance our operating system designed for the renewable energy industry. The platform aims to streamline operations for stakeholders like installers, manufacturers, and energy providers by integrating software, finance, and energy management solutions. 🙏 We would like to take this opportunity to thank all of our supporters, customers, investors and amazing team members for making this ride exciting and impactful! Together we will make the energy transition reality. 🌟 Stay tuned for more - we are just getting started! 💚 Join us on this exciting journey to a sustainable future - we are currently hiring! Find a link to our open in the comments below. CC: Shawn Xu, Clay Dumas, Chris Corbishley, Alexandra Piedrahita, Rory Mounsey-Heysham, Yusuf Ozdalga, Carl Krass, Michael Sidgmore, David de Picciotto, Victoria van Lennep, Peder Broms, Valentin Gönczy, Jodok Betschart, Jan Niklas Steg, Konstantin Küstermann, Noa Aurelia Rosenfeld, Paul Wagenplast, Bezawit Berhan, Jacob Kofoet, Usama Hassan

🌟 2024 was a year full of growth, achievements, and resilience at Cloover. We grew our team by 10x, successfully closed our $114M seed funding with Lowercarbon Capital, 9900 Capital, and QED Investors, and shipped several exciting new features to empower renewable energy installers. While 2024 presented challenges for the renewable energy market and many of our partners compared to 2023, we are proud to have: ✔️ Signed over 200 new installers, expanding our network across Germany and Europe. ✔️ Enabled 1,000+ successful installations through our financing solutions. ✔️ Introduced innovative features like Cloover Insurance to support installers in growing their businesses. As we look to 2025, we’re excited to continue working with our great installer network, build new partnerships, and take further steps toward creating the OS for renewable energy installers. Here’s to another impactful year ahead! 💙 #RenewableEnergy #EnergyTransition #Cloover #SolarEnergy #HeatPumps #ClimateTech

🎄 Last week, we wrapped up the year with our Cloover Christmas party—a chance to celebrate a successful 2024 together as a team. We started with a recap of the year and a fun Secret Santa exchange at the office, followed by an action painting workshop, where we created an artwork for our new office space in Berlin. The evening ended with a great dinner and an even better party 🕺🏼 💙 Thank you to the entire team for making this year and this celebration so memorable. Here’s to a strong start to 2025!

🌿 Heat pumps are changing the way we heat our homes, offering a sustainable and energy-efficient alternative to traditional systems. With rising fossil fuel prices and growing geopolitical risks, there’s never been a better time to consider this switch. ✔️ Efficiency: Converts 1 kWh of electricity into 3.5-4 kWh of heat. ✔️ Savings: Operating costs are ~25% lower than gas systems. ✔️ Energy Security: Reduces reliance on fluctuating raw material prices. ✔️ Subsidies: In Germany, up to 70% of costs are covered through programs like KfW BEG. Making the transition to heat pumps is not only better for the planet but also a practical choice for long-term savings and energy independence. Cloover supports this transition with tailored financing options, making it easier to adopt this sustainable solution. 💡 Curious about how heat pumps work and their benefits? Our Quick Guide to Heat Pumps breaks it down simply and clearly #HeatPumps #RenewableEnergy #ClimateTech #EnergyEfficiency

Last week at Solar Solutions International was both productive and inspiring. We had the opportunity to connect with industry professionals, exchange ideas, and share updates on what we’re building at Cloover. Thank you to everyone who stopped by our booth—it was great meeting you and discussing the future of renewable energy. Let’s keep the momentum going! 🌍⚡ #SolarSolutions #RenewableEnergy #ClimateTech #Cloover

🌎 Renewable Roundup November is coming to an end, and it’s been a month of great milestones and progress in renewable energy across Europe. From record solar installations to strengthened energy infrastructure, here are some of the month’s highlights: 🇩🇪 Germany’s 100 GW Milestone Germany is on track to surpass 100 GW of installed PV capacity by year-end, with cumulative capacity at 95 GW by September. The country’s renewable energy association forecasts 17.5 GW of new installations in 2024, solidifying Germany as a key player in the global energy transition. 🇭🇺 Hungary’s Solar Growth Hungary added 1.3 GW of new PV capacity in the first 10 months of 2024, marking the third year in a row of surpassing the 1 GW threshold. By October, total installed capacity reached 7.35 GW, exceeding the government’s 2030 target of 6 GW by over 20%. 🇪🇪 Baltic Grid Integration By early 2025, the Baltic states will fully synchronize with the European electricity grid, ending reliance on the Russian network. Supported by upgraded infrastructure and the LitPol Link, this transition strengthens energy security, integrates renewables, and enhances EU market access 🇬🇧 UK Approves Undersea Links The UK has approved five undersea energy links set to be completed by 2032. These interconnectors will strengthen Europe’s shared energy infrastructure, improve grid stability, and support renewable energy exports. 🇦🇹 Austria’s Hydro-Wind Duo Austria’s renewable energy sources have stepped up as Russian gas supplies decline. Hydropower generation reached its highest level in over a decade, while wind power output hit record levels, ensuring the country remains resilient in its energy supply despite geopolitical disruptions. #RenewableEnergy #EnergyTransition #ClimateTech #CleanEnergy #Europe

☀️ Feature Spotlight: Cloover Insurance Cloover is introducing a comprehensive insurance solution designed to protect solar & battery systems and provide additional support for their long-term performance. Our worry-free package provides: ✔️ Comprehensive Coverage - From material construction errors and beyond ✔️ Seamless Integration - Directly available through the Cloover Checkout ✔️ Peace of Mind - Ensuring customers feel confident and supported throughout the lifespan of their solar system This package enables installers to provide their customers with full protection and standout service, enhancing trust and creating new service opportunities. #Cloover #RenewableEnergy #SolarInsurance #Sustainability #Innovation

🌟 Welcome Marla to the Cloover team! We’re excited to introduce Marla, our new Product Manager! She’ll be working closely with our CPO Valentin and the engineering team to help take our product to the next level 🪜 Marla’s experience as a founder and focus on product will play a key role in positioning Cloover as a leading software player in the renewable energy space ⚡️ Welcome, Marla – we’re excited to have you on board and look forward to what we’ll accomplish together! #Cloover #ClimateTech #Renewables #Product

Meet the Cloover Team at Solar Solutions ☀️ We’re excited to attend Solar Solutions International in Düsseldorf next week. Come visit us at booth P17 to connect with our team, explore our innovative software solution, and discover some of our newest features! 🚀 Whether you’re a potential customer, a partner, or simply curious about what we’re building, we’d love to chat with you and share how Cloover is driving innovation in renewable energy. 📅 27-28 November 📍 Solar Solutions Düsseldorf, booth P17 We look forward to seeing you there! #SolarSolutions #RenewableEnergy #EnergyTransition #MeetCloover

📈 Recent Debt Market Momentum: Investor interest in consumer and renewable financing is surging! As liquidity flows back into the market, demand for consumer and solar loans is accelerating rapidly. Major players in the private debt space, like Castlelake, are stepping up with significant transactions, fueling the expansion of green and sustainable projects. Recent Highlights: 🇺🇸 GoodLeap closed a $1.5B asset sale to Tactical Infrastructure Partners 🇪🇺 Otovo sold their European PV Leases and entered into forward funding arrangements with an undisclosed buyer 🇩🇪 Enpal successfully launched Europe’s first residential solar securitization program with a €240M offering In the consumer financing space, companies like Zilch and Klarna are making bold moves, backed by global credit funds and partnerships with major banks. This trend of collaboration is enabling faster growth and expanded financing opportunities. The market is ramping up and we’re excited to see renewed growth and new opportunities on the horizon! 🌍 #GreenFinance #RenewableInvestments #DebtMarket #EnergyTransition #SustainableFinance