Berlin’s Cloover turns AI-managed home energy into a $1.3 billion business
Cloover, a Berlin startup that uses AI to coordinate solar panels, batteries and heat pumps into miniature 'virtual power plants', has raised a further $100 million and now runs at a $350 million annualised revenue pace.
Berlin-based Cloover has raised an additional $100 million, bringing its total financing capacity to roughly $1.3 billion, as its AI platform for coordinating home solar panels, batteries and heat pumps scales toward a $350 million annualised revenue run rate.
The core idea behind Cloover’s platform is turning individual households into small, coordinated “virtual power plants”: AI software decides in real time when to draw from solar, when to discharge a home battery, and when to run a heat pump, based on live electricity prices and grid conditions, rather than leaving each device to operate independently. Aggregated across enough homes, those decisions start to matter at grid scale.
The round is a reminder that a meaningful share of this year’s AI-driven venture funding isn’t going to chatbots or coding assistants at all, but to infrastructure-adjacent applications — energy, logistics, industrial automation — where AI’s job is optimisation rather than conversation.
