We are proud to announce that we have raised €5.5 million from the Banque des territoires, the Auvergne-Rhône-Alpes sovereign wealth fund and the semiconductor manufacturer Semtech for our first 4.0 factory in Valence, Drôme.
After ten years of research, we are now entering the industrialization phase. To carry out this ambitious project, we have raised €5.5 million from the Banque des territoires, on behalf of the French government as part of the Territoires d’innovation program of the France 2030 plan, from the Auvergne-Rhône-Alpes sovereign wealth fund, and from semiconductor manufacturer Semtech.
We are preparing to invest a dozen million euros in a manufacturing unit.
“We have a production capacity of around 15,000 modules per week, which allows us to deliver pre-series. Our goal is to reach 10 million modules per year by the end of next year,” explains Brice Cruchon. Positioned on the fast-growing market of connected objects, the president and founder of Dracula Technologies is announcing a turnover of 3 million euros in 2022, an increase of 300%, and is aiming to double this figure in 2023.
More than half of these revenues will come from abroad, especially from Europe and the United States, and to a lesser extent from Korea and Japan. “We will supply the European market from Valencia, but we want to duplicate in the United States and later in Asia the 4.0 factory model we are building here.” Protected by seven patents, Dracula Technologies’ organic photovoltaic cells are finding favour with manufacturers of connected objects who can easily insert them into their products, thanks to their small size and multiple shapes.
With our ability to make custom and ultra-thin products, demand is growing year after year. On this basis, we are working hard to make our products exclusively light-powered and are looking to adapt them to other media than plastic and using “green” inks. Aiming for the status of a mission company, we will hire 10 people this year and more than 15 in 2023 to push our research, accompany the industrialization and commercial deployment.