Cloover opens Vienna office to bring energy independence to every household

Austria has all the ingredients for a clean energy boom: high craft expertise among installation businesses, strong policy support for renewables, and households that genuinely want to reduce their dependence on the grid. What has been missing is the infrastructure layer to translate that demand into completed projects at scale. That is what we are here to build.

Cloover is officially operational in Austria, with a Vienna office and a clear mission: to finance millions worth of battery, heat pump, and PV installations. 

The Cloover platform brings together AII workflow management, financing, procurement, and energy optimization into one seamless system. AI drives every layer, from credit decisions to project risk detection to dynamic energy management after installation. We enable installers to transform into full-service energy solutions providers, offering financing, energy products, Lumina (dynamic tariff), Pulse (home energy management), insurance, and service packages.

Leading our Austrian expansion is Sebastian Dorfer, who joins as Sales Lead and Country Expansion Austria. Sebastian brings deep market expertise from his time as Head of Sales for Austria and Germany at solar provider Soly, and he hit the ground running from day one. Our Vienna team will grow over the coming weeks, building out sales, partner management, and operational capacity on the ground.

Our Austria launch is backed by the largest financing commitment in Cloover's history. In January 2026, Cloover closed $22 million in Series A equity alongside a $1.2 billion debt facility, bringing total capital commitments to $1.222 billion. The equity round was led by MMC Ventures and QED Investors, with participation from Lowercarbon Capital, BNVT Capital, Bosch Ventures, Centrotec, and Earthshot Ventures. On top of that, we are backed by a €300 million guarantee from the European Investment Fund, a signal of institutional confidence in what we are building and in the infrastructure needs of the energy transition. This capital is already being deployed to give installers and households access to financing they could not get before.

Here is what the energy transition looks like on the ground in Austria and across Europe. A homeowner wants solar panels and a heat pump. The technology works. The savings are real. But the bank turns them down, or the process is so complicated they give up. Meanwhile, the installer spends hours on proposals, subsidy paperwork, and chasing payments instead of completing projects.

Cloover's platform addresses both sides of this equation. For installers, we provide an end-to-end software and financing platform that handles proposals, project documentation, and financing approvals all in one place. Our AI automates complex workflows so installation companies can do more, faster, and with less friction. For homeowners, we make energy independence genuinely affordable. Instead of a €30,000 to €40,000 upfront cost, households can pay around €100 to €150 per month over 25 years, similar to a car lease. Our AI-powered credit underwriting does not just look at a credit score. It evaluates future energy savings, asset performance, and the long-term value of the installation, which means we can say yes to customers that traditional banks routinely turn away.

Austria is a market with remarkable craft expertise, strong demand for decentralized energy, and a real appetite for the tools that make the energy transition work in practice. The technology for solar and heat pumps is established. The demand is real. What installers need is a platform that makes projects easier to close and more profitable to run. What homeowners need is financing that actually works. What the market needs is an operating system that connects all of it.

If you are an installation business in Austria looking to grow in 2026, we would love to talk.