Dracula Technologies Secures €30 million in Series A Funding to Ramp Up Ambient-light Energy Solutions Expansion

Dracula Technologies, a pioneering company in the field of battery-free IoT powered by ambient indoor light, has recently announced the completion of its Series A extension round, securing a total funding of €30 million. The round saw participation from existing investor Banque des Territoires, MGI Digital Technology Group, and the European Innovation Council (EIC) Fund.

CEO and Founder of Dracula Technologies, Brice Cruchon, expressed his pride in the achievement, highlighting the support of the team and investors. The company plans to strengthen its industrial base in France, expand manufacturing capabilities, and accelerate global deployment through partnerships with industrial partners.

The extension funding positions Dracula Technologies within the broader European trend of investment in clean and smart-energy solutions. While other companies focus on efficiency and solar integration, Dracula Technologies stands out with its niche of battery-free IoT technology powered by ambient indoor light.

The company’s innovative LAYER technology utilizes organic photovoltaic (OPV) modules to harvest ambient light, eliminating the need for traditional batteries. The newly introduced LAYER Vault product combines energy harvesting and storage on a flexible film, catering to various applications such as Smart Buildings, Smart Homes, and Smart Asset Tracking.

Investors have shown confidence in Dracula Technologies’ potential to capture a share of the growing battery replacement market, projected to expand significantly by 2030. The company’s focus on sustainability and reducing battery dependency aligns with the EU’s goals for digital resilience and industrial autonomy.

With the new funding, Dracula Technologies plans to scale up production, explore industrial partnerships, and solidify its position as a global leader in sustainable power for IoT devices. The company is fulfilling high-volume contracts to replace batteries in billions of devices using only ambient indoor light.

Transitioning to roll-to-roll Inkjet manufacturing, Dracula Technologies aims to quadruple production capacity at its Green MicroPower Factory in Valence. With a manufacturing efficiency of 95%, the company is well-equipped to serve global markets at scale.

MGI Digital Technology Group, an industrial partner in digital printing technologies, has been a key supporter of Dracula Technologies since its inception. The partnership enables MGI to contribute to the worldwide deployment of sustainable, battery-free energy solutions.

Overall, Dracula Technologies’ innovative approach to energy harvesting and storage has garnered significant attention and support from investors, positioning the company for further growth and success in the evolving IoT market.