London-based Lightrock has launched Accelerate7, a $500 million private equity fund aimed at scaling companies tackling energy access and clean cooking across South Asia, Southeast Asia and Sub-Saharan Africa. The fund will invest $10 million to $50 million in growth-stage businesses focused on electricity access, electric mobility, energy storage and clean cooking. Accelerate7 is backed by investors and energy firms including Shell, TotalEnergies and Equinor, and has already backed SolarSquare, Sun King, Euler Motors and ATEC Global.
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