In general, in one aspect, the disclosure describes a switched capacitor voltage regulator to generate a regulated output voltage based on varying input voltages. The regulator is capable of operating at one of a plurality of voltage conversion ratios and selection of the one of a plurality of voltage conversion ratios is based on an input voltage received. The switched capacitor voltage regulator provides a lossless (or substantially lossless) voltage conversion at the selected ratio. The ratio selected provides a down converted voltage closest to the regulated output voltage without going below the regulated output voltage. The down converted voltage is adjusted to the regulated output voltage using a resistive mechanism to dissipate excess power (lossy). Selection of an appropriate conversion ratio limits the resistive regulation and losses associated therewith and increases the efficiency of the switched capacitor voltage regulator.