In 1775, another attempt to formulate an overseas trading company was undertaken with the establishment of the Austrian East India Company. Headed by William Bolts, the company's first voyage to India began on 24 September 1776 with Bolts sailing aboard the Indiaman "Giuseppe e Teresa" from Livorno in the Grand Duchy of Tuscany, which was ruled by Maria Theresa's son Leopold. Bolts was also granted a 10-year charter to trade under the flag of the Holy Roman Empire with Persia, India, China and Africa.