The Berlin-basedstartupwas founded in 2022 by Peder Broms, Jodok Betschart, Tony Kirmo, and Valentin Gonczy.
Their vision is to facilitate the energy transition, with a particular focus on residential solar power.
Clover has built a platform that connects installers, prosumers, manufacturers,energyproviders, and investors.
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This allows the startup to extend financing options to households that previously lacked access.
Cloovers platform also enables vendors to secure working capital for their operations.
Cloover counts multiple partners across Europe, including Zonduurzaam in the Netherlands and Solarkraft in Sweden.
Lowercarbon Capital led the funding round with participation from 9900 Capital and QED.
The latest funding follows a 7mn investment last October.
Europes solar market grew by40% in 2023.
Cloover seeks to tap the demand, aiming to connect 1 billion people to renewable energy.
One of the themes of this years TNW Conference is Venture: Show Me The Money.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
