“On the operational side, we believe we can only really deliver the highest quality if we operate the plants ourselves,” said Fleischer. “This can be also with partners. I mean, we’re open for that. So I don’t want to say ‘yes’ or ‘no’ to licensing. Partnerships are great to scale, if helpful, but we’re going to operate our plants ourselves.”
Tozero’s seed round was led by NordicNinja, with participation from new investors In-Q-Tel (the U.S. strategic public-private fund), Honda, and global infrastructure engineering giant JGC Group. The startup’s €3.5 million pre-seed round, closed around two years ago, was led by Berlin-based Atlantic Labs. To date, Tozero has raised €17 million, which includes a €2.5 million grant from the EU’s R&D support arm, the European Innovation Council.