With Series A extended to €30 million, France’s Dracula Technologies accelerates rollout of ambient-light energy solutions
Valence-based Dracula Technologies, a pioneer in enabling battery-free IoT through energy harvesting from ambient indoor light, announced the completion of its Series A extension round, bringing the total Series A funding to €30 million.
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, an industrial partner in digital printing technologies. The round also welcomes the European Innovation Council (EIC) Fund as a new strategic partner.
“I am very proud of this achievement, which wouldn’t have been possible without the commitment and hard work of our team, and the continued support of our long-standing investors – now joined by the EIC Fund,” said Brice Cruchon, CEO and Founder of Dracula Technologies. “With this support, we will strengthen our industrial base in France, lay the groundwork for future manufacturing closer to key markets, and begin discussions with industrial partners to accelerate global deployment.”
Dracula Technologies’ extension situates the French company within a broader European trend of investment in clean and smart-energy solutions.
In 2025, EU-Startups has highlighted related activity in adjacent sectors – such as Germany’s etalytics, which secured €16 million to expand its AI-driven energy-optimisation platform, and Spain’s Clevergy, which raised €3.2 million to scale its smart-energy platform across Europe.
While these firms address efficiency and solar integration, Dracula Technologies’ niche – battery-free IoT powered by ambient indoor light – remains distinct, with no equivalent 2025 funding rounds reported in this space.
“The renewal of our trust reflects our commitment to supporting companies rooted in local regions while pursuing international ambitions. As an early partner, we are proud to see Dracula Technologies expand its industrial base in France, thereby contributing to the energy and digital transition at both the national and European levels,” said François Wohrer, Chief Investment Officer at Banque des Territoires.
Founded in 2012, Dracula Technologies develops sustainable energy solutions with its LAYER technology, innovating power sources for low-power electronics. Its organic photovoltaic (OPV) modules, manufactured using patented digital printing, harvest ambient light, eliminating reliance on traditional batteries.
LAYER Vault complements the company’s existing OPV harvesting product line, transforming it into a 2-in-1 product, combining low-light energy harvesting and storage on a single, flexible film ensuring uninterrupted device functionality, empowering Smart Buildings, Smart Homes, Smart Asset Tracking, and other related applications.
EU-Startups previously featured Dracula Technologies in its GreenTech Report published in October 2022, noting that the startup had raised €5.5 million to develop a sustainable power source that converts ambient light into electricity for low-power connected devices.
This combined support from investors underscores confidence in Dracula Technologies’ ability to capture a share of the rapidly expanding €10 billion battery replacement market, projected to grow five-fold by 2030.
Svetoslava Georgieva, Chair of the EIC Fund Board, said: “As a public investor supporting breakthrough European technologies, the EIC Fund is pleased to join Dracula Technologies in this new phase of industrial scale-up. Their energy harvesting innovation directly addresses the challenge of reducing battery dependency in connected electronics and supports the EU’s ambitions for sustainability, digital resilience, and industrial autonomy.”
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.
To support growing demand in key sectors such as smart buildings, asset tracking, and IoT sensors, Dracula Technologies is currently fulfilling multi-year, high-volume contracts from global industry leaders to replace batteries in billions of devices using only ambient indoor light.
The capital will accelerate Dracula’s transition from sheet-to-sheet to roll-to-roll Inkjet manufacturing, quadrupling production capacity to 600 million cm² annually at its state-of-the-art Green MicroPower Factory in Valence – the world’s largest dedicated production facility for printed organic photovoltaic (OPV) modules.
With production yields approaching 95%, the company has achieved best-in-class manufacturing efficiency that positions it to serve global markets at scale.
“As a pioneer in digital printing technologies, MGI immediately recognised the unique potential of Dracula Technologies’ industrial approach to the production of OPV modules. From the very beginning, we were convinced of the impact their technology would have on powering connected devices, and we have supported them since their inception both as an investor and as an industrial partner, by providing our printing solutions and the associated consumables developed by the MGI Digital Technology Group,” said Edmond Abergel, COO in charge of the MGI Group Strategy.
He added: “This commitment now enables us, as both a shareholder and supplier, to support Dracula Technologies in a new stage of its development and to contribute to the worldwide deployment of sustainable, battery-free energy solutions.”
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