Dracula Technologies Raises €30 Million Series A to Scale Battery-Free IoT and Printed OPV Production

Dracula Technologies, the Valence, France‑based sustainable energy and printed electronics innovator, has completed its €30 million Series A funding round with an extension to drive global scale‑up of its battery‑free Internet of Things (IoT) technology that harvests energy from ambient indoor light. This milestone financing comes as the company focuses on accelerating production of its organic photovoltaic (OPV) modules and expanding its manufacturing footprint closer to key international markets.

The extended Series A round brings the total capital raised in this financing to €30 million, reaffirming investor confidence in the company’s approach to replacing traditional batteries in connected devices and advancing sustainable sensor power solutions worldwide. Dracula’s technology — powered by its patented LAYER® and LAYER Vault printed OPV films — enables ultra‑low‑power electronics such as smart building sensors, asset trackers, and industrial IoT devices to run off ambient light rather than disposable or rechargeable batteries.

Banque des Territoires, acting on behalf of the French State under the “France 2030” programme, continues as a principal backer and led this financial extension, highlighting the strategic importance of deepening industrial production capacities in France while supporting technologies that contribute to energy transition and digital autonomy. The renewed support from Banque des Territoires underscores the government’s commitment to catalysing industrial innovation that addresses climate and sustainability goals.

Another core investor in the round is MGI Digital Technology Group, a global leader in digital printing and finishing technologies that has been both a strategic partner and early investor in Dracula’s development. MGI’s involvement reflects its belief in the commercial potential of OPV manufacturing at industrial scale and its commitment to enabling breakthrough printed electronic solutions. The extension also welcomes the European Innovation Council (EIC) Fund, a newly participating strategic partner that supports high‑growth European deep tech, further strengthening the company’s financial and innovation credentials.

With this infusion of capital, Dracula Technologies plans to quadruple its production capacity, transitioning from “sheet‑to‑sheet” to roll‑to‑roll inkjet manufacturing, accelerating output to 600 million cm² of printed OPV modules annually at its Green MicroPower Factory in Valence. This facility is recognized as one of the world’s largest dedicated OPV production sites and plays a central role in meeting global demand from industry leaders seeking sustainable, battery‑free power sources for IoT applications.

The funding will also support industrial partnerships and broader deployment efforts aimed at bringing Dracula’s technology closer to end markets worldwide. By establishing additional manufacturing capacities nearer to key regions — including Europe, North America, and Asia — the company intends to serve customers faster and more efficiently, reducing logistical barriers and reinforcing its global leadership position in sustainable power solutions.

CEO and founder Brice Cruchon emphasized that the extended Series A financing — with both historic and strategic new investors — puts Dracula Technologies in a strong position to solidify its industrial base in France while laying the groundwork for future facilities closer to major demand centers. Cruchon pointed to continued growth in multi‑year, high‑volume contracts from global partners as evidence of the technology’s traction in replacing batteries with energy harvesting as a long‑term solution.

Dracula’s OPV modules are designed to capture energy not just from direct sunlight but also from ambient indoor light, making them particularly suited to supply continuous power for low‑energy connected devices without the environmental and operational burdens of battery maintenance and replacement. This capability aligns with broader trends towards sustainability and circular economy goals in sectors such as smart buildings, logistics, retail, and industrial automation.

Investor confidence — from public institutional backers like the EIC Fund and France 2030’s Banque des Territoires to industrial supporters such as MGI — signals strong belief in Dracula’s long‑term prospects. These stakeholders see the company’s printed OPV technology as a critical enabler for the next generation of connected devices, enabling economies of scale that could reduce dependency on battery supply chains and cut associated waste dramatically.

As Dracula Technologies advances its roll‑to‑roll manufacturing transition and global expansion, the €30 million Series A round positions the company to capitalize on a rapidly expanding market for sustainable IoT power solutions, leveraging industrial‑grade OPV to unlock new applications for battery‑free devices and contribute to a more resilient, energy‑efficient digital infrastructure worldwide.