Dracula Completes €30M Series A to Scale Battery-Free IoT Technology

Industry Insights from Next Move Strategy Consulting

Dracula Technologies, a French developer of battery-free Internet of Things (IoT) solutions that harvest energy from ambient indoor light, has closed a Series A extension that raises the total round to €30 million. The financing is intended to accelerate production scale-up, broaden manufacturing footprints nearer to key markets, and support worldwide deployment of the company’s printed organic photovoltaic (OPV) modules for battery replacement.

A Strategic Capital Injection for Scaling Production

The Series A extension includes continued backing from existing investors such as Banque des Territoires — acting on behalf of the French State under the “France 2030” program — alongside MGI Digital Technology Group and historical private investors. The European Innovation Council (EIC) Fund has also joined as a new strategic partner, reinforcing the company’s financial and innovation credentials.

Key Developments at a Glance

• Total Series A funding now at €30 million to finance scale-up and deployment.

• Participation from Banque des Territoires (France 2030), MGI Digital Technology Group, historic private investors, and the EIC Fund.

• Focus on moving from sheet-to-sheet to roll-to-roll Inkjet manufacturing.

• Planned production increase to 600 million cm² annually at the Green MicroPower Factory in Valence.

• Multi-year, high-volume contracts underway to replace batteries in billions of devices using ambient indoor light.

• Expansion of workforce in Valence and plans to establish manufacturing closer to key international markets.

Transition to Roll-to-Roll Manufacturing and Capacity Expansion

Dracula says the new capital will fast-track the company’s shift from sheet-to-sheet production to roll-to-roll Inkjet processes. This transition is expected to quadruple manufacturing throughput to 600 million cm² per year at its Green MicroPower Factory in Valence, described as the world’s largest dedicated facility for printed OPV modules. The company is also preparing to add manufacturing capacity closer to important overseas markets while recruiting additional staff in Valence to support the ramp-up.

Addressing a Growing Battery Replacement Opportunity

Operating in a rapidly expanding market, Dracula targets a battery replacement segment that is estimated at €10 billion and is forecast to grow five-fold by 2030. The company’s technology is positioned for applications across smart buildings, asset tracking, and IoT sensors, and Dracula reports it is currently fulfilling multi-year, high-volume orders aimed at replacing batteries in billions of devices using only indoor ambient light.

Industry Response and Strategic Outlook

With new strategic investors and increased funding, Dracula is moving to consolidate its manufacturing lead and accelerate global roll-out of battery-free power modules. The production shift and planned geographic expansion are intended to place manufacturing capacity nearer to demand hubs while supporting high-volume deployments already contracted.

Next Move Strategy Consulting’s Analysis

This funding milestone strengthens Dracula’s ability to convert pilot deployments into high-volume commercial supply. By advancing roll-to-roll OPV manufacturing and expanding production capacity, the company is better positioned to meet growing demand from smart buildings, asset-tracking and sensor markets — segments driving the projected expansion of the battery replacement market. Strategic partners and the EIC Fund participation also help de-risk scale-up, enabling faster global deployment of battery-free IoT solutions and supporting the company’s claim of replacing batteries in billions of devices.

Source: https://www.newelectronics.co.uk

Prepared By: Next Move Strategy Consulting