Cloover is a German-based climate-tech startup that has raised $114 million in debt and equity in a  seed funding round led by Lowcarbon Capital. The startup uses technology that allows smaller  companies to handle renewable installations in Europe and access all other parts of the value chain.  This allows them to track down customers and offer financing while selling multiple products at once. 

A regional installer can use cloover system to offer customers solar panels, a heat pump, energy  storage, and financing all in one package, factoring in green energy credits. The co-founder of cloover highlighted that the startup provides a worry-free solution where the customer needs to pay less per  month than before and can have a small installer with a whole package. At present the startup has offices in Germany, Sweden, The Netherlands, and Switzerland. However, with the fund, this startup  aims for market expansion in countries including Spain, France, and Britain. The startup has secured  $114 million in seed funding round to ensure the growth of its operating system for renewable energy. 

Image source: clover.co 

The funding amount would help the startup enhance its technology, increase its distribution network, and scale up its operations. This investment will help the startup grow and strengthen its platform and  services while offering greater value to its clients and investors. Cloover offers funding to a larger group of clients than banks because it takes into account the savings from cheaper bills in an underwriting  process. The funding will help Cloover scale up its operations and expand its market reach. Cloover  offers a platform designed to integrate with businesses, enhancing their value chain and customer  journey with technology, data, and finance. 

This Germany-based startup is planning to utilize this fund to scale up its operations, and research  centers, and enhance its technologies. Cloover’s mission is to enable 1 billion people to be part of a sustainable world by providing worry-free access to renewable energy. This climate-tech startup uses  Artificial intelligence, the Internet of Things, and various other technologies to improve and enhance  renewable energy. With its advanced climate-smart technologies, the startup aims to empower  customers globally. 

Conclusion: 

Cloover is a climate-tech startup that focuses on renewable energy and uses technology that allows  smaller companies to handle renewable installations in Europe and access all other parts of the value  chain. The startup recently received $114 million in debt and equity in a seed funding round led by  Lowcarbon Capital. The startup provides a worry-free solution where the customer needs to pay less  per month than before and can have a small installer with a whole package. The funding amount would  help the startup enhance its technology, increase its distribution network, and scale up its operations.  This investment will help the startup grow and strengthen its platform and services while offering  greater value to its clients and investors. This climate-tech startup uses Artificial intelligence, the  Internet of Things, and various other technologies to improve and enhance renewable energy.