New fund · Climate, Energy & Sustainability

Lightrock launches $500 million Accelerate7 fund

What they do

Lightrock is a global climate impact investment firm focused on sustainable growth

The new Accelerate7 fund targets energy access and clean mobility in South Asia and Africa

Backers include Shell and TotalEnergies with cheque sizes between $10 million and $50 million

Lightrock has launched the Accelerate7 fund to invest in climate solutions across emerging markets.
The fund size is $500 million backed by major energy players like Shell and TotalEnergies.
Investments will focus on energy access, clean cooking, and electric mobility sectors.
Target regions include South Asia, Southeast Asia, and Sub-Saharan Africa.
Individual cheque sizes range from $10 million to $50 million per deal.
The fund aligns with UN Sustainable Development Goal 7 for affordable and clean energy.
Lightrock's total climate capital now stands at approximately $2 billion globally.
Recent portfolio includes leads in Euler Motors ($47M) and SolarSquare ($40M).

Major oil majors are backing climate funds to transition their business models.
India features prominently with two of the first four investments already deployed.
The fund targets growth-stage companies with proven commercial viability and product-market fit.

Lightrock invests in companies that deliver measurable social and environmental impact alongside financial returns.
The firm seeks businesses with a clear path to revenue scale up and profitability.
Portfolio support includes impact performance reporting and access to specialist value-creation professionals.
Global portfolio includes Sun King, ATEC Global, and SolarSquare.
India portfolio includes Arya.ag, DeHaat, WayCool, and Shiprocket.
The firm partners with local entities like TRREC for Southeast Asia strategy.
Investment criteria require a track record of commercial viability before funding.
Advisors provide technical assistance to help portfolio companies achieve their sustainability goals.

Accelerate7 aims to deploy capital into growth-stage startups in target regions.
Two Indian investments have already been made under this new fund structure.