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Lightrock plans $500 million energy fund Accelerate7 to back Indian growth stage clean tech startups
Startups
Published on 15 May 2026
India is set for a big slice of Accelerate7
PE firm Lightrock is launching its $500 million, energy-focused fund Accelerate7, aiming to back growth-stage startups across Southeast Asia, South Asia, and Sub-Saharan Africa. Lightrock expects a meaningful allocation to India, targeting companies advancing UN SDG 7 through energy storage, electric mobility, sustainable energy transition, energy financing, and related enabling tech. The fund will invest $10–$50 million per startup, backed by a requirement for commercial viability and regular impact reporting. It has already invested in Euler Motors and SolarSquare.
- Fund size: $500 million named Accelerate7
- Lightrock expects meaningful India allocation aligned to SDG 7
- Investment size per startup: $10 million to $50 million cheques
- Geography: Southeast Asia, South Asia, and Sub-Saharan Africa
- Already invested four times, including India deals in Euler Motors and SolarSquare
- Impact reporting includes SDG 7 progress plus technical assistance
Read the full story at Inc42
This summarization was done by Beige for a story published on 
Inc42