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” programme, 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.
