PE Firm Lightrock Raises $500 Million for New Clean Energy Fund

PE firm Lightrock launches $500 million fund for companies focused on energy transition, EVs

London's Lightrock has launched a $500 million fund, Accelerate7, to scale energy access and clean cooking firms in South Asia, Southeast Asia, and Sub-Saharan Africa. Investing $10-50 million in growth-stage companies, the fund targets electricity, clean cooking, electric mobility, and energy storage, backed by major energy players.

PE Firm Lightrock Raises $500 Million for New Clean Energy Fund

Lightrock Secures $500m for climate-focused growth fund

Private equity firm Lightrock has raised $500m for a new strategy aimed at expanding access to affordable, clean energy across Asia and Africa, as global investors continue to back transition-focused opportunities in emerging markets, according to a report by Bloomberg. The new vehicle, Accelerate7, will deploy between $10m and $50m into growth-stage companies operating across Sub-Saharan Africa, South Asia and Southeast Asia, according to a sta…

Lightrock Eyes Investments In Growth Stage Indian Startups From $500 Mn Energy Fund

PE fund Lightrock expects to allocate a meaningful percentage to India from its new $500 Mn energy-focused fund ‘Accelerate7’, which is expected to back companies advancing United Nations’ Sustainable Development Goals 7.  “India, just from the impact and commercial perspective, is going to be a meaningful market for the overall fund. Given the fund’s objectives of access to electricity and clean cooking, the opportunity here is large,” Aayush P…

Lightrock Raises $500 Million to Scale Clean Energy Access in Emerging Markets

Sustainability-focused private equity investor Lightrock announced that it has raised $500 million in commitments for Accelerate7, a new fund aimed at supporting businesses expanding access to clean energy and sustainable energy solutions across across Sub-Saharan Africa, South Asia and Southeast Asia According to the company, more than 660 million people globally still lack access to […]

Lightrock launches investment platform to back Asian and African firms

Lightrock, a London-based investment company, has announced the launch of Accelerate7, an investment platform targeting growth-stage companies in South and Southeast Asia and Sub-Saharan Africa. Following the close of $500m (£374.6m), Lightrock’s Accelerate7 with cut checks of between $10m to $50m across sectors including energy, mobility and enabling technologies. The fund has already backed four firms, India’s SolarSquare and Euler, Kenya’s Su…