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Lightrock has launched a USD 500 million fund, Accelerate7, to support companies expanding energy access and clean cooking solutions in emerging markets, according to a Bloomberg report.
The London-headquartered investment firm will target growth-stage startups across South Asia, Southeast Asia and Sub-Saharan Africa with investments ranging from USD 10 million to USD 50 million.
The fund will focus on sectors such as electricity access, clean cooking, electric mobility and energy storage. It has already invested in companies including SolarSquare, Sun King, Euler Motors and ATEC Global.
“Across the Global South, access to reliable energy and modern cooking solutions remains one of the clearest drivers of economic opportunity and improved quality of life,” said Ademidun Edosomwan, partner and head of energy access at Lightrock.
Accelerate7 is backed by investors and energy companies such as Shell, TotalEnergies, Equinor and LGT. With this launch, Lightrock’s total capital allocated to climate, energy transition and energy access initiatives has reached nearly USD 2 billion.
In India, the firm has invested in startups including WayCool, DeHaat, Shiprocket, MediBuddy, Porter and Aye Finance. In August 2025, WayCool raised INR 210 crore from Lightrock India, while Euler Motors secured USD 47 million in a Series E round led by the firm in March 2026.
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