Lightrock reaches final close on $500m energy access fund

Lightrock, the London-headquartered investment platform, today announces the launch of Accelerate7, following the final close of a USD $500 million fund dedicated to backing businesses advancing United Nations Sustainable Development Goal 7 (SDG 7).

Accelerate7 will invest in growth-stage companies across Sub-Saharan Africa, South Asia and Southeast Asia, with a typical initial ticket size ranging from USD $10 million to USD $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. Deployment in Southeast Asia will be supported by Singapore-headquartered TRIREC, who are operating in partnership with Lightrock to further Accelerate7’s mission.