The company was founded at the end of 2021 in Wuerzburg by Nathanael Laier and Johannes Laier. The financing came from European impact investors including Infinity Recycling, Green Generation Fund, and corporate venture unit vent.io, with support from the BayStartUP investor network. The article also mentions additional public funding commitments in the millions from BMWE, BMFTR, and the state of Bavaria, but these are separate from the 10 million EUR financing round.