The french company quadruples production capacity to meet surging demand from industry leaders, while driving global deployment and exploring industrial partnerships to expand manufacturing.
A pioneer in enabling battery-free IoT through energy harvesting from ambient indoor light, Dracula Technologies 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.
