Morgan Stanley Alum Atwan Eyes $600 Million for New Firm VC Fuel
- Plans $100 million venture, $500 million infrastructure funds
- Houston-based executive was slated to join H.I.G. Capital
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Ahmad Atwan, a former Morgan Stanley managing director, has founded VC Fuel to make wagers on clean energy and infrastructure.
Houston-based VC Fuel will bet on companies that help drive the transition to lower-carbon energy, such as renewable fuels, hydrogen, electric vehicles, carbon capture and storage, clean agriculture and sustainable manufacturing, among other areas. It’ll also invest in related infrastructure, Atwan said in an emailed statement.