Cloover plans to finance PV systems and more worth 50 million euros in Austria in 2026
Trending Topics already reported exclusively that the Berlin-based Scale-up Cloover, specialized in financing for PV systems, heat pumps and the like, launched in Austria through a partnership with Heizma. Now the Climate-FinTech is taking up operations in Austria with an office in Vienna. The company plans to finance systems worth around 50 million euros in the current year, according to CEO Jodok Betschart.
For 2027, an increase to 100 million euros is planned. Sebastian Dorfer, who previously worked at Soly as Head of Sales Austria & Germany, will lead the Austrian business.
Software and financing platform for installation companies
Cloover provides installation companies with a combined software and financing platform. This is designed to support especially small and medium-sized businesses in handling projects around photovoltaics, battery storage, heat pumps and charging infrastructure. At the same time, private households can access financing models for their investments through the platform.
The platform enables tradespeople to create standardized quotes, digitally document project steps and manage implementation in a structured way. In parallel, end customers get an overview of financing options without having to submit separate requests to banks or funding agencies.
Personnel: Sebastian Dorfer heads Austrian location
Sebastian Dorfer takes on the role of Sales Lead & Country Expansion Austria to build and lead the Austrian location. Dorfer previously worked at Soly as Head of Sales for Austria and Germany – as reported, Soly, headquartered in the Netherlands, went into insolvency at the end of 2025. Heizma subsequently took over Soly’s Austrian customers.
In the coming weeks, the Vienna office will be gradually expanded to strengthen sales, partner management and operational implementation on the ground. Market entry in Austria is part of Cloover’s European growth strategy. The company has secured Series A financing of 22 million US dollars as well as a debt facility of 1.2 billion US dollars. This is complemented by a 300 million euro guarantee from the European Investment Fund (EIF). The total amount of capital commitments thus comes to 1.222 billion US dollars.
For 2026, Cloover plans to launch Cloover Pay, a material financing solution for installation companies. This is intended to give businesses more flexibility in pre-financing and procurement. In addition, further expansion of the software and financing platform is planned.
