Lightrock launches Accelerate7 after $500m fund close
Strategy targets $10 million-$50 million cheques across sub-Saharan Africa, South Asia and Southeast Asia.
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Lightrock, the London-headquartered investment platform, today announced the launch of Accelerate7 following the final close of a $500 million fund.
Accelerate7 will invest in growth-stage companies across sub-Saharan Africa, South Asia and Southeast Asia, with a typical initial ticket size ranging from $10 million to $50 million. The strategy is focused on investing in companies across three core sectors: access to electricity; clean cooking; and enabling technologies and solutions such as electric mobility and energy storage.
The strategy has already completed four investments: SolarSquare, a rooftop solar system provider; Sun King, an off-grid solar energy company; Euler Motors, an electric vehicle manufacturer; and ATEC Global, an IoT-enabled clean cookstove provider.
Accelerate7 is backed by Equinor, Shell, TotalEnergies, and LGT, among others.
Ademidun Edosomwan, partner and head of energy access at Lightrock, commented: “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. With Accelerate7, we are backing businesses that have already demonstrated strong execution and are ready to scale. Our focus is on finding proven operators with resilient business models that can deliver both meaningful impact and long-term value.”
Pal Erik Sjatil, managing partner and CEO at Lightrock, added: “The launch of Accelerate7 is an important milestone for Lightrock, and a strong example of how our platform continues to evolve. It builds on our broader commitment to supporting businesses at the forefront of energy transition and access, while bringing together the strength of our network, our investment expertise, and the conviction of our partners. We are grateful for the trust placed in us and excited to partner with impactful businesses as they work to expand access to modern energy and clean cooking solutions.”
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