MobilityVC and Monaco Hydrogen Alliance Launch MH2Fund, Lead First Investment in SunGreenH2
MH2Fund will champion the hydrogen economy from Europe to the entire globe, while powering a worldwide transition to renewable energy
MONACO, July 31, 2025 /PRNewswire-PRWeb/ — The Monaco Hydrogen Alliance and MobilityVC have announced the formation of MH2Fund, a new venture dedicated to backing early-stage companies advancing the hydrogen economy. The organization is marking its debut investment by leading a new round of funding for SunGreenH2, a pioneering developer of low-cost, modular green hydrogen electrolysers.
The MH2Fund targets transformative hydrogen technologies with real potential to decarbonize mobility, industry, and logistics. By bridging deep policy relationships with venture capital discipline, MH2 aims to accelerate Europe’s hydrogen ecosystem from lab to large-scale deployment.
“Green hydrogen is critical infrastructure for the future of zero-emission transportation. Our investment in SunGreenH2 reflects our conviction in technologies that can scale fast and serve both mobility and industry.”
The fund’s first investment, into SunGreenH2, reflects this thesis. Founded to revolutionize electrolysis, SunGreenH2 uses proprietary nanomaterials and AI-driven design to increase hydrogen production efficiency while slashing costs — enabling distributed, scalable green hydrogen production at a fraction of the price of legacy systems.
Sam Baker, Managing Partner at MobilityVC, sees MH2’s hydrogen thesis as part of his firm’s larger commitment to funding mobility innovation across Europe and the globe, noting:
Green hydrogen is critical infrastructure for the future of zero-emission transportation.
“Our investment in SunGreenH2 reflects our conviction in technologies that can scale fast and serve both mobility and industry.”
John Rossant, Chairman of the Monaco Hydrogen Alliance, said,
This investment is a direct outcome of the Monaco Hydrogen Alliance’s work bringing together the continent’s most ambitious hydrogen players.
“MH2 is the natural next step to turn vision into velocity.”
SunGreenH2’s platform is already gaining traction with partners across Europe, North America, Asia, and the Middle East. With the backing of MH2, the company will expand its product line and accelerate deployments across Europe and the globe.
Tulika Raj, Co-Founder and CEO of SunGreenH2, added:
Now more than ever, Europe needs abundant, affordable green hydrogen to power its energy transition.
“With MH2’s support, we’re delighted to be accelerating the scale-up of our breakthrough electrolyser technology and expanding our footprint across key European markets. Together, we’re building the foundation for a cleaner, more resilient energy future,”
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MobilityVC and Monaco Hydrogen Alliance Launch MH2Fund, Lead First Investment in SunGreenH2, source
