Lightrock just raised $500M to bet on one idea:
Emerging markets will leapfrog fossil fuels entirely.
The fund targets growth-stage companies across Asia and Africa, writing $10M–$50M cheques into:
Solar. EVs. Energy storage. Off-grid infrastructure.
Their portfolio already includes:
- SolarSquare
- Sun King
- Euler Motors
- ATEC Global
The business case works because there are over 750 million people without electricity in this part of the world.
- Solar and battery costs have never been lower
- Emerging market economies can build from scratch
Is clean energy in emerging markets the new frontier?
Lightrock Launches $500M Clean Energy Fund Targeting Africa and Asia
Lightrock has closed a $500M fund targeting growth-stage clean energy companies in Africa and Asia, deploying $10M–$50M per investment into businesses spanning solar, EVs, and energy storage.
Jun 21, 2026
•
1 min read
