REplace, an AI-powered service provider for streamlining solar and other renewable energy development, has secured $1.6 million in its latest funding round, bringing its total funding to $2.1 million.
The funding round was led by Gravity Climate, which includes Dr. Bracha Halaf, former Chief Scientist of Israel’s Ministry of Energy, and Zafrir Yoeli, Co-Founder of Enlight. Additional participants include Adam/a, Malbec Ventures, and strategic angels from the solar and data center sectors participating in this funding round.
The company uses proprietary algorithms, which analyze factors ranging from landowners, grid data, and permitting risks to market dynamics, to identify the optimal location for a project and provide instant go/no-go decisions on specific land parcels. It also helps acquisition teams evaluate renewable energy projects in the secondary market.
With this funding, the company plans to expand its engineering team, deepen its presence in the U.S., and enhance its AI capabilities across land and M&A.
“What REplace is doing is revolutionary for the renewable energy industry. Their technology doesn’t just help projects move faster—it empowers smarter, lower-risk development at scale. In a world racing to meet net-zero goals, platforms like REplace are essential infrastructure,” said Zafrir Yoeli, Managing Partner at Gravity Climate.
According to Mercom’s recently released Q1 2025 Solar Funding and M&A Report, global VC funding for the solar sector in Q1 2025 came to $1.4 billion in 14 deals, a 237% increase YoY compared to $406 million raised in 13 deals in Q1 2024. Funding increased 40% QoQ compared to the $1 billion raised in 21 deals in Q4 2024.
In March, Terabase Energy, a digital solutions provider for solar power plants, received $130 million in a Series C funding round led by SoftBank Vision Fund 2, with participation from both existing and new strategic investors. This round brings the company’s total funding to over $200 million.
