Grace Ashiru
Global impact investor Lightrock has closed a USD 500 million fund, named Accelerate7, targeting growth-stage companies working on energy access across Sub-Saharan Africa, South Asia, and Southeast Asia.
The fund counts Shell, TotalEnergies, Equinor, and LGT Group among its investors. It will deploy tickets ranging from USD 10 million to USD 50 million into businesses aligned with United Nations Sustainable Development Goal 7, with focus areas spanning electricity access, clean cooking, and enabling technologies including electric vehicles and energy storage.
Lightrock, founded in 2009 and headquartered in London, has previously backed SolarSquare, Sun King, Euler Motors, and ATEC Global.
