Lightrock launches $500 million fund for clean energy sectors

Lightrock has launched Accelerate7, a $500 million fund focused on clean energy sectors such as electric mobility, energy storage, and electricity access. The fund will back growth-stage startups across South Asia, Southeast Asia and Sub-Saharan Africa with investments ranging from $10 million to $50 million. In India, Lightrock has invested in startups including Shiprocket, MediBuddy, and Porter.