Global investment platform Lightrock has launched Accelerate7, a $500 million fund focused on scaling startups working in clean energy, electric mobility, energy storage and clean cooking solutions across emerging markets.
According to a Bloomberg report, the London headquartered firm will invest in growth-stage companies across South Asia, Southeast Asia and Sub-Saharan Africa.
The fund plans to deploy cheque sizes ranging between $10 million and $50 million.
Accelerate7 will primarily focus on sectors including electricity access, clean cooking infrastructure, electric mobility and energy storage segments witnessing rising investor interest amid the global transition towards cleaner and more sustainable energy systems.
The fund 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.
The launch comes at a time when climate-focused investing is accelerating globally, particularly in developing markets where demand for affordable energy infrastructure, EV adoption and decentralised power systems continues to grow rapidly.
Accelerate7 is backed by a mix of institutional investors and global energy majors including Shell, TotalEnergies, Equinor and LGT.
With the launch of the new vehicle, Lightrock’s total capital focused on climate, energy transition and energy access sectors has now reached nearly $2 billion.
India continues to remain an important market for the firm.
Over the years, Lightrock has invested in several Indian startups across agriculture, logistics, fintech, healthcare and mobility sectors, including WayCool, DeHaat, Shiprocket, MediBuddy, Porter and Aye Finance.
More recently, WayCool raised Rs 210 crore from Lightrock India in August 2025, while electric commercial vehicle startup Euler Motors secured $47 million in a Series E funding round led by the firm in March 2026.
The launch of Accelerate7 also reflects a broader shift among global investors increasingly allocating capital towards climate infrastructure and sustainability-led businesses in emerging economies.
As governments across Asia and Africa push for cleaner transportation, renewable energy adoption and improved energy accessibility, climate focused venture and growth capital funds are expected to play a larger role in scaling next-generation infrastructure and mobility platforms.