Accelerate7 Fund Launched by Lightrock for Energy Access and Clean Cooking

Accelerate7, a fund valued at $500 million, has been initiated by London-based Lightrock, focusing on companies dedicated to energy access and clean cooking solutions in emerging markets, as reported by Bloomberg. This fund is set to invest in growth-stage startups located in South Asia, Southeast Asia, and Sub-Saharan Africa, with investments ranging from $10 million to $50 million. The primary sectors of interest for Accelerate7 include electricity access, clean cooking, electric mobility, and energy storage.

Current Investments by Accelerate7

So far, Accelerate7 has invested in organizations such as SolarSquare, Sun King, Euler Motors, and ATEC Global. Ademidun Edosomwan, a partner and head of energy access at Lightrock, remarked that access to dependable energy and modern cooking solutions is crucial for economic growth and enhancing quality of life in the Global South.

Investor Support for the Fund

The fund is supported by a variety of investors and energy companies, including Shell, TotalEnergies, Equinor, and LGT. With the establishment of this fund, the total funding from Lightrock aimed at climate initiatives, energy transition, and energy access has approached nearly $2 billion.

Lightrock’s Investments in India

In India, Lightrock has provided backing to several startups such as WayCool, DeHaat, Shiprocket, MediBuddy, Porter, and Aye Finance. Notably, in August 2025, WayCool secured Rs 210 crore from Lightrock India, while Euler Motors received $47 million in a Series E funding round led by the firm in March 2026.