REplace, a Tel Aviv, Israel–based startup that provides an AI-powered platform for renewable energy and data center development, has raised $2.1 million in funding.
Investors
The round was led by Gravity Climate, with participation from Adam/a, Techstars, Malbec Ventures, and strategic angel investors from the solar and data center sectors, bringing REplace's total funding to $2.175 million.
Gravity Climate is an Israeli climate-tech venture fund focused on investments in novel materials, energy optimization, and analytics applications within the climate sector.
REplace Use of Funds
The company will use the funding to grow its engineering team, expand its U.S. presence, and further develop its AI capabilities in land intelligence and project M&A.
About REplace
Founded in 2023, REplace is an AI-powered platform on a mission to accelerate renewable energy development. It leverages advanced data analysis to help developers, investors, and consultants identify optimal locations for solar, wind, and energy storage projects. It evaluates over 50 factors—including land ownership, grid infrastructure, permitting risks, and market dynamics—to pinpoint the most promising project sites and deliver instant go/no-go decisions on specific land parcels. REplace serves energy players such as Iberdrola, EDF Renewables, and Doral Energy.
Funding Details
Company: Renewable Energy Place Ltd.
Raised: $2.1M
Round: Unknown
Funding Date: May 2025
Lead Investor: Gravity Climate
Additional Investors: Adam/a, Techstars, Malbec Ventures,
Company Website: https://www.renewableenergy.place/
Software Category: AI / Climate Tech / Renewable Energy
Source: https://www.prnewswire.com/news-releases/replace-raises-2-1m-to-advance-ai-powered-site-selection-for-energy-and-data-projects-302468662.html