The Monaco Hydrogen Alliance, in partnership with MobilityVC, has launched MH2Fund, a new early-stage venture vehicle focused on scaling Europe’s hydrogen economy.
The fund will back startups working on next-gen hydrogen technologies aimed at decarbonizing transportation, logistics, and heavy industry.
First investment goes to Australia’s SunGreenH2
MH2Fund’s first investment is a lead role in a new round for SunGreenH2, an Australian startup developing modular green hydrogen electrolysers. The company’s proprietary NanoForgeX™ platform builds nanostructured electrodes that double hydrogen output, reduce energy consumption, and eliminate the use of rare metals.
CEO Tulika Raj said the MH2 investment will support European expansion and enable SunGreenH2 to scale deployments globally. “Europe urgently needs scalable, affordable green hydrogen — and this partnership helps us accelerate that future,” she noted.
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Bridging policy, capital, and clean energy innovation
MH2Fund combines the policy network of the Monaco Hydrogen Alliance with MobilityVC’s venture capital firepower, aiming to turn vision into velocity. “This investment is a direct outcome of the Monaco Hydrogen Forum’s work convening Europe’s most ambitious hydrogen players,” said John Rossant, Chairman of the Alliance.
The nonprofit also publishes key reports, awards the Monaco Prize for Innovation in Renewable Hydrogen, and receives backing from H.S.H. Prince Albert II of Monaco to advance its low-carbon mobility agenda.
MobilityVC brings founder-operator capital to cleantech
MobilityVC, a global network of operators and investors, backs companies working on zero-emission transportation, autonomy, and mobility infrastructure. With over 20 partners, the firm supports startups with capital, strategic growth, and M&A. Managing Partner Sam Baker called hydrogen “critical infrastructure” and said SunGreenH2 fits their thesis on scalable decarbonization tech.
