Lightrock Raises $500 Million Clean Energy Fund for Asia and Africa
Updated
Updated · Bloomberg · May 14
Lightrock Raises $500 Million Clean Energy Fund for Asia and Africa
2 articles · Updated · Bloomberg · May 14
$500 million will go into Lightrock’s new Accelerate7 fund, aimed at expanding affordable clean energy access across Asia and Africa.
Accelerate7 plans to write $10 million to $50 million checks to growth-stage companies in Sub-Saharan Africa, South Asia and Southeast Asia.
Lightrock, a private equity firm spun out of Liechtenstein’s LGT Group, is targeting businesses positioned to scale energy access in underserved markets.
Beyond solar, what overlooked technologies in energy storage will this new fund ignite across Asia and Africa?
With $500M targeting unstable markets, can private equity deliver both high returns and mass energy access?