NewTech Friday: Cloover – Connecting 1bn people to renewable energy

ESG
06/09/2024 Interview
profile picture of Jodok Betschart

Jodok Betschart

Cloover

Co-Founder & CEO

Jodok Betschart is the Co-Founder & CEO of Cloover, a Berlin-based startup that is building an ecosystem designed to accelerate Europe’s mission to achieve net-zero emissions and unify the residential renewable energy industry. He tells Qorus’ Boris Plantier more about it.


What led to the creation of Cloover?

After studying at University of St. Gallen, I began my career at abrdn in London, where I worked for several years in the investment team with a focus on ESG. I quickly realized my desire to become an entrepreneur and founded my first B2B SaaS platform Evenito. Within five years, I scaled the company to 50 employees covering Germany, UK and Switzerland and achieved profitability.

Once you become an entrepreneur, it is hard not to start your next venture. Combining my expertise and passion for sustainable finance and tech, we launched the climate fintech Cloover in 2022.

In the renewable energy sector, we identified a significant opportunity and challenge. Energy sources play a crucial role in greenhouse gas emissions and achieving net-zero goals. Accelerating the transition to renewable energy is therefore essential.

While delving deeper into the market, we quickly realized that although companies such as Enpal, 1KOMMA5° and Zolar are well known, the true heroes of the renewable energy transition are the SME installers, which account for over 85% of all installations.

We recognized the need for financing in this market. Many cannot afford to pay for their solar installation in cash. This realization led to the creation of Cloover, enabling SME installers to offer financing directly to customers, making renewable energy accessible to all.

Want to keep reading?

Create a web account to get access to more insights

Related news & insights

Mobility
05/02/2025 Article

EV battery data is the super fuel that will power winners in the electromobility arena

Finance and insurance providers that gain access to accurate ongoing information about the condition and performance of EV batteries, a...

SME Banking
05/02/2025 Article

Celebrating excellence in SME banking: The 2025 awards & community

If you want to showcase your excellence in SME banking, participating is simple and free of charge. Just complete the...

Digital Reinvention
03/02/2025 News

Open House Group introduces cryptocurrency payments for real estate transactions

Initially supporting Bitcoin and Ethereum, this initiative enhances customer convenience while leveraging the company’s strengths in property search, purchase, management,...

01/02/2025 News

Kaspi.kz acquires controlling interest in Türkiye’s top e-commerce platforms Hepsiburada

Kaspi.kz, a leading fintech and e-commerce company, has successfully completed its acquisition of a controlling interest in Hepsiburada, one of...

SME Banking
30/01/2025 Study

From insights to impact: The journey towards unified services in SME Banking

Discover the transformative power of unified services in SME banking. In the third and final installment of our series, we...

Digital Reinvention
30/01/2025 Article

Financial Innovation Spotlight – January 2025 edition

In this month’s Financial Innovation Spotlight, we zoom in on five exciting new projects by Atom, Revolut, Crédit Agricole's Khome,...

Mobility
30/01/2025 News

DriveScore launches world's first discounted car finance for good drivers

Through partnerships with lenders such as Zopa Bank, Admiral, AA Car Finance, and My Car Credit, DriveScore users with high...

Digital Reinvention
29/01/2025 Study

The AI imperative: Navigating data and AI for ESG success

In a world where Artificial Intelligence and Machine Learning (AI/ML) are redefining industries, our report delves into the transformative potential...