Dracula Technologies Raises €30M to Scale Battery-Free Power for IoT
The French OPV specialist quadruples production capacity, prepares global manufacturing partnerships, and targets high-volume deployments in smart buildings, asset tracking, and IoT sensors.
Valence, France — Dracula Technologies, a pioneer in battery-free IoT powered by ambient indoor light, has completed a Series A extension, bringing total Series A funding to €30 million.
The company will use the capital to scale manufacturing, support global deployments, and explore industrial partnerships to add capacity closer to key markets.
The round was led by Banque des Territoires (on behalf of the French State under France 2030) with participation from MGI Digital Technology Group and historical private investors. The EIC Fund joined as a new strategic backer. Investor support reflects confidence in Dracula’s ability to capture a growing €10B battery-replacement market projected to expand five-fold by 2030.
Meeting Demand for Battery-Free IoT
Dracula Technologies is shipping under multi-year, high-volume contracts to replace disposable batteries in billions of devices. Target use cases include smart buildings (sensors, controls), asset tracking, and low-power IoT sensing—applications where eliminating battery swaps cuts cost and waste while supporting corporate sustainability goals.
Scaling the Industrial Core
Funding accelerates the company’s transition from sheet-to-sheet to roll-to-roll inkjet manufacturing at the Green MicroPower Factory in Valence—described as the world’s largest dedicated production site for printed organic photovoltaic (OPV) modules for indoor energy harvesting.
Capacity: Up to 600 million cm² annually after the current expansion
Yields: Approaching 95%, enabling high-volume, cost-efficient output
Footprint: A fully automated line designed for repeatable, industrial-grade quality
Dracula will grow its workforce in Valence—home to R&D, process engineering, and the first industrial series—while preparing additional manufacturing capacity near major international customer hubs.
Strategic Backing
Brice Cruchon, CEO & Founder (Dracula Technologies): “This funding strengthens our industrial base in France and sets the stage for additional manufacturing closer to key markets.”
François Wohrer, CIO (Banque des Territoires): “We back companies rooted locally with international ambitions—advancing energy and digital transitions in France and Europe.”
Svetoslava Georgieva, Chair (EIC Fund Board): “Dracula’s technology reduces battery dependency in connected electronics and supports EU goals for sustainability and digital resilience.”
Edmond Abergel, COO in charge of Strategy (MGI Group): “We recognized the unique potential of Dracula’s OPV approach and support the next phase with technology and supply.”
Technology Snapshot: LAYER® OPV + LAYER®Vault
Dracula’s LAYER® modules harvest ambient indoor light to power low-energy electronics without batteries. LAYER®Vault adds integrated storage on the same flexible film, creating a 2-in-1 harvester + storage device for uninterrupted operation under variable lighting.
Why it matters: Indoor OPV removes battery swaps, reduces electronic waste, and enables maintenance-light deployments at building or enterprise scale—key for Smart Buildings, Smart Homes, Smart Asset Tracking, and dense IoT sensor networks.
Fast Facts
Total Series A: €30 million (including extension)
Manufacturing: Transition to roll-to-roll inkjet; ~95% yields
Capacity: Up to 600 million cm²/year post-scale-up in Valence
Markets: Smart buildings, asset tracking, low-power IoT sensors
Strategy: Expand in France, pursue industrial partnerships for added capacity near key markets
About Dracula Technologies
Headquartered in Valence, France, Dracula Technologies develops printed OPV modules via patented digital printing to harvest indoor light and power battery-free connected devices. The company’s Green MicroPower Factory is a state-of-the-art, fully automated facility built for high-volume production. Its LAYER® family—including LAYER®Vault—delivers long-lasting, cost-effective energy for low-power electronics across smart buildings, homes, and logistics.
About Banque des Territoires
An entity of Caisse des Dépôts, Banque des Territoires serves local stakeholders with advisory, loans, equity, and banking services—aiming to maximize impact on ecological transition and social/regional cohesion across metropolitan and overseas territories.
About the EIC Fund
The European Innovation Council (EIC) Fund is a deep-tech investor from the European Commission. It bridges financing gaps for disruptive technologies and mobilizes a network of capital providers and strategic partners.
About MGI Digital Technology
Founded in 1982 and listed on Euronext Paris, MGI Digital Technology Group designs and manufactures digital presses and finishing solutions for graphic arts, packaging, and printed electronics. Operating in 70+ countries, MGI collaborates with strategic partner and shareholder Konica Minolta.
