PE firm Lightrock launches $500 million fund for companies focused on energy transition, EVs

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London's Lightrock has launched a $500 million fund, Accelerate7, to scale energy access and clean cooking firms in South Asia, Southeast Asia, and Sub-Saharan Africa. Investing $10-50 million in growth-stage companies, the fund targets electricity, clean cooking, electric mobility, and energy storage, backed by major energy players.