Quadruples production capacity to meet surging demand from industry leaders, drives global deployment and explores industrial partnerships to expand manufacturing
Valence, France, October 21, 2025 – Dracula Technologies, a pioneer in enabling battery-free IoT through energy harvesting from ambient indoor light, today announced the completion of its Series A extension round, bringing the total Series A funding to €30 million. This marks a key milestone in the company’s mission to eliminate batteries from billions of connected devices worldwide. The new funding will allow Dracula Technologies to scale up production, explore industrial partnerships to add additional manufacturing capacity closer to key markets, support global deployment to better serve customers worldwide, and solidify its position as a global leader in sustainable power for IoT.
The extension round includes participation from existing investor Banque des Territoires, acting on behalf of the French State under the “France 2030” program, and leading the financial operation, together with MGI Digital Technology Group, a pioneering industrial partner in digital printing technologies, and historical private investors. The round also welcomes the prestigious European Innovation Council (EIC) Fund as a new strategic partner. This combined support from investors underscores confidence in Dracula Technologies’ ability to capture a significant share of the rapidly expanding €10 billion battery replacement market, projected to grow five-fold by 2030.
Meeting Unprecedented Market Demand
To support growing demand in key sectors such as smart buildings, asset tracking, and IoT sensors, Dracula Technologies is currently fulfilling multi-year, high-volume contracts from global industry leaders to replace batteries in billions of devices using only ambient indoor light. By eliminating the environmental and operational burden of battery replacement, the company is helping customers meet sustainability goals at scale.
Scaling Innovation and Strengthening the Industrial Core
The capital will accelerate Dracula’s transition from sheet-to-sheet to roll-to-roll Inkjet manufacturing, quadrupling production capacity to 600 million cm² annually at its state-of-the-art Green MicroPower Factory in Valence – the world’s largest dedicated production facility for printed organic photovoltaic (OPV) modules. With production yields approaching 95%, the company has achieved best-in-class manufacturing efficiency that positions it to serve global markets at scale.
While preparing to establish new manufacturing capacity closer to key international markets, Dracula Technologies is significantly expanding its workforce in Valence, the birthplace of its technology, home to its R&D, manufacturing processes, and first industrial series. The French factory will remain a cornerstone of the company’s industrial strategy, with a wave of new hires underway to support rapid scale-up.
Backing from Strategic Investors
“I am very proud of this achievement, which wouldn’t have been possible without the commitment and hard work of our team, and the continued support of our long-standing investors — now joined by the EIC Fund,” said Brice Cruchon, CEO and Founder of Dracula Technologies. “With this support, we will strengthen our industrial base in France, lay the groundwork for future manufacturing closer to key markets, and begin discussions with industrial partners to accelerate global deployment.”
“The renewal of our trust reflects our commitment to supporting companies rooted in local regions while pursuing international ambitions. As an early partner, we are proud to see Dracula Technologies expand its industrial base in France, thereby contributing to the energy and digital transition at both the national and European levels,” said François Wohrer, Chief Investment Officer at Banque des Territoires.
Svetoslava Georgieva, Chair of the EIC Fund Board, said: “As a public investor supporting breakthrough European technologies, the EIC Fund is pleased to join Dracula Technologies in this new phase of industrial scale-up. Their energy harvesting innovation directly addresses the challenge of reducing battery dependency in connected electronics and supports the EU’s ambitions for sustainability, digital resilience, and industrial autonomy.”
“As a pioneer in digital printing technologies, MGI immediately recognized the unique potential of Dracula Technologies’ industrial approach to the production of OPV modules. From the very beginning, we were convinced of the impact their technology would have on powering connected devices, and we have supported them since their inception both as an investor and as an industrial partner, by providing our printing solutions and the associated consumables developed by the MGI Digital Technology Group,” said Edmond Abergel, COO in charge of the MGI Group Strategy. He added: “This commitment now enables us, as both a shareholder and supplier, to support Dracula Technologies in a new stage of its development and to contribute to the worldwide deployment of sustainable, battery-free energy solutions.”
Dracula Technologies, headquartered in Valence, France, pioneers sustainable energy solutions with its LAYER® technology, revolutionizing power sources for low-power electronics. Its organic photovoltaic (OPV) modules, manufactured using patented digital printing, harvest ambient light, eliminating reliance on traditional batteries. LAYER®Vault complements the company’s existing OPV harvesting product line, transforming it into a 2-in-1 product, combining low-light energy harvesting and storage on a single, flexible film ensuring uninterrupted device functionality, empowering Smart Buildings, Smart Homes, Smart Asset Tracking, and other related applications. With a commitment to clean, renewable energy, Dracula Technologies leads the charge towards a greener future by providing long-lasting and cost-effective energy solutions. Supporting its mission is its new “Green MicroPower Factory“—a state-of-the-art, fully automated facility, the largest of its kind in the world with a capacity of up to 150 million cm² of printed OPV devices per year.
Banque des Territoires is one of the entities of the Caisse des Dépôts. Banque des Territoires brings together in-house expertise for local areas. As a one-stop shop for customers, it acts alongside all local stakeholders: local authorities, local public-sector enterprises, social housing bodies, legal professions, businesses and financial players. Banque des Territoires assists them in the implementation of their public interest projects with a continuum of offers: advisory, loans, equity, bank services, consignments and special deposits. It has been set up to serve the interests of all local areas alike, from rural municipalities to large cities, with the ambition of maximizing its impact notably on ecological transformation and social and regional cohesion. The 37 territorial offices of Banque des Territoires ensure the implementation of its action across all metropolitan and overseas territories.
The European Innovation Council Fund from the European Commission is a deep tech investor across all technologies. The EIC Fund aims to fill a critical financing gap, to support companies in the development and commercialization of disruptive technologies. With its large network of capital providers and strategic partners it shares risk and crowds in market players.
About MGI Digital Technology: Founded in 1982 by Edmond Abergel, the MGI Digital Technology Group is a French pioneer in digital printing and finishing technologies. Listed on Euronext Paris, it designs and manufactures digital presses and embellishment solutions for the graphic arts, packaging, and printed electronics markets. Operating in more than 70 countries, MGI relies on Konica Minolta, its strategic partner and shareholder, to strengthen its global reach and technological leadership.
Media Contact for Dracula Technologies :
Camille Dufour – International PR Consulting
camille.prconsulting@gmail.com
Mobile : +33 (0)6 79 49 51 43
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