This puts serious weight behind its goal to become the core operating platform for decentralised power systems.

The Berlin-based company confirmed it has raised $22 million in Series A equity alongside a $1.2 billion debt facility, taking total committed capital to $1.222 billion. 

The equity round was led by MMC Ventures and QED Investors, with backing from Lowercarbon Capital, BNVT Capital, Bosch Ventures, Centrotec and Earthshot Ventures. 

A major European bank is providing the debt to support customer and installer financing, reinforced by a €300 million guarantee from the European Investment Fund.

Cloover is responding to the high demand for home energy systems, which lack adequate machinery needed to deploy them at scale, as they are badly out of date. Installers still rely on patchy software, slow approvals and limited access to capital. 

Banks, on the other hand, are not built to finance thousands of small residential projects quickly. The result is delay, higher costs and missed opportunities.

Cloover’s model cuts through that bottleneck by placing financing inside the installer’s daily workflow. Instead of treating funding as a separate step, the platform links sales, procurement, financing and long-term energy management in one system designed specifically for distributed energy assets.

The company uses data-led credit assessments that focus on long-term energy savings, rather than relying only on standard credit scores. It also advances public subsidies upfront, so households do not have to wait months to benefit from state support. 

For investors, the platform offers exposure to a new infrastructure asset class, backed by live performance data and clear impact tracking.

“With this $1.2 billion commitment, we’re enabling households to become energy independent, without the friction of upfront costs or complex loan applications. Our AI operating system connects stakeholders across the value chain and revolutionises how energy independence becomes the new norm,” said Jodok Betschart, co-founder and chief executive of Cloover.

On the ground, installers using the platform can offer financing at the point of sale, shorten payment cycles and reduce paperwork. Cloover says its partners generate, on average, 30% additional revenue by reaching customers they previously could not serve. 

Homeowners, meanwhile, gain access to solar, batteries, heat pumps and EV charging with no heavy upfront spend, and typically cut energy bills by 20 to 30% through better system performance and financing terms.

The company’s growth numbers reveal why investors are paying attention. Cloover reports that revenue grew more than eightfold in 2025 while being profitable, nearing $100 million in sales. It is targeting $500 million in 2026 and $1 billion the year after.

That growth is being driven by the dynamism in the energy market. Electricity demand is getting higher, grids are under stress, and electric vehicles are adding new pressure points. 

With households currently seeking better management over costs and reliability, governments establish policies that favour decentralised generation.

“Cloover is not just about financing – we’re building the backbone for energy independence. We are creating the Shopify of Energy: a platform that equips manufacturers, installers, households, and investors with the tools to grow, collaborate, and deliver distributed energy at scale,” said Valentin Gönczy, co-founder and chief product officer.

Founded after extensive research with installers across Europe, Cloover was built around a simple insight: demand was not the issue, infrastructure was. 

Financing emerged as the biggest limitation, and the company set out to fix it without competing with installers themselves.

With fresh capital in place, Cloover plans to enter more European markets, including France, Italy, the UK and Austria, while expanding its product suite with solid automation and new financing tools. 

The longer-term goal is to run the digital backbone of decentralised energy, connecting households, installers, manufacturers and investors through a single platform built for scale.

With over 22 million petrol and diesel generators in use nationwide, backup power has become a $14 billion industry. But EcoFlow has officially landed, and the company is bringing a whole new energy to the situation.

You see, this isn’t just another company trying to sell us something. EcoFlow, a global power technology company, is here to offer a real alternative—one that’s clean, quiet, and cost-effective. The company gets that Nigeria’s energy problems are a massive headache. As Isaiah Umoh, EcoFlow Nigeria’s Business Development Manager, said:

“With energy reliability being a constant challenge in Nigeria, we recognise the urgent need for a solution that is both practical and sustainable. EcoFlow is here to redefine the power landscape, offering advanced battery-powered solutions that eliminate the noise, pollution, and high running costs of traditional generators. Our goal is to make clean, efficient power accessible to everyone, whether for homes, businesses, or outdoor use.”

And he’s not wrong. Nigeria has an installed electricity capacity of 13,000MW but generates only 4,000MW on most days, forcing millions of households and businesses to rely on expensive, polluting fuel generators. The situation has only worsened since the removal of fuel subsidies, which has drastically increased petrol and diesel costs. The result? More people are desperately seeking alternatives.

A Smarter, More Sustainable Alternative

So, what’s EcoFlow bringing to the table? Portable power stations. And no, these aren’t our old noisy, fuel-guzzling generators. We’re talking sleek, silent, and clean energy solutions that can power everything from your fridge to your business tools.

EcoFlow’s best-selling product range is the new RIVER 3 Max Plus, a portable “never-power-off” solution with:

• 858Wh capacity, capable of running 90% of essential home appliances.
• Fast-charging technology, reaching full charge in just 2.3 hours (AC outlet).
• Solar and car charging compatibility for flexible power options.
• Ultra-quiet operation, running at under 30 decibels—quieter than a normal conversation.
• Long lifespan, powered by an advanced LFP (Lithium Iron Phosphate) battery, lasting up to 10 years.

Beyond the RIVER series, EcoFlow’s DELTA series offers even more power, ranging from 1,000W to 3,600W. At the launch event, a DELTA unit (2,700W output) was demonstrated, effortlessly powering a TV, fridge, and microwave simultaneously. Prices start at ₦250,000 for the smallest unit (300W) and go up to ₦1.1 million for higher-capacity models.

Participants explored eco-friendly solutions, including the RIVER 2 Pro, DELTA 2, and DELTA 2 Max, through engaging and interactive experiences.

The Cost Question—Making Clean Energy Affordable

Now, I know what you’re thinking: “Renewable energy? Isn’t that expensive?” Well, EcoFlow’s got a plan for that too. They’ve partnered with TD Africa to introduce “Buy Now, Pay Later” financing through JOI (Just Own It), allowing customers to spread payments over 6 to 48 months. 

With Nigerians spending up to 40% of their income on electricity and backup power, this flexible payment plan could be a game-changer.

EcoFlow isn’t just here to sell gadgets, the company is here to bolster Nigeria’s power sector. Offering an affordable, long-term alternative to fuel generators, EcoFlow seeks to disrupt the multi-billion-dollar backup power industry and reduce Nigeria’s reliance on fossil fuels.

But it’s also thinking bigger. EcoFlow’s expansion into Nigeria will drive:

• Job creation in sales, distribution, and technical support.
• New partnerships with local retailers and energy providers.
• Greater adoption of renewable energy in homes, businesses, and off-grid communities.

Let’s be real—Nigeria’s power problems won’t disappear overnight. But EcoFlow’s entry is a big step toward cleaner, more reliable energy in the country. We know electricity instability has held back businesses, drained household budgets, and polluted the air for decades, but this is a breath of fresh air.

It’s time to power up differently—smarter, cleaner, and more sustainably. And honestly? I’m here for it.