Valence-based Dracula Applied sciences, a pioneer in enabling battery-free IoT via vitality harvesting from ambient indoor mild, introduced the completion of its Sequence A extension spherical, bringing the overall Sequence A funding to €30 million.
The extension spherical contains participation from current investor Banque des Territoires, performing on behalf of the French State below the “France 2030” programme, and main the monetary operation, along with MGI Digital Expertise Group, an industrial companion in digital printing applied sciences. The spherical additionally welcomes the European Innovation Council (EIC) Fund as a brand new strategic companion.
“I’m very happy with this achievement, which wouldn’t have been attainable with out the dedication and onerous work of our group, and the continued assist of our long-standing buyers – now joined by the EIC Fund,” stated Brice Cruchon, CEO and Founding father of Dracula Applied sciences. “With this assist, we are going to strengthen our industrial base in France, lay the groundwork for future manufacturing nearer to key markets, and start discussions with industrial companions to speed up world deployment.”
Dracula Applied sciences’ extension situates the French firm inside a broader European development of funding in clear and smart-energy options.
In 2025, EU-Startups has highlighted associated exercise in adjoining sectors – equivalent to Germany’s etalytics, which secured €16 million to develop its AI-driven energy-optimisation platform, and Spain’s Clevergy, which raised €3.2 million to scale its smart-energy platform throughout Europe.
Whereas these companies tackle effectivity and photo voltaic integration, Dracula Applied sciences’ area of interest – battery-free IoT powered by ambient indoor mild – stays distinct, with no equal 2025 funding rounds reported on this area.
“The renewal of our belief displays our dedication to supporting corporations rooted in native areas whereas pursuing worldwide ambitions. As an early companion, we’re proud to see Dracula Applied sciences develop its industrial base in France, thereby contributing to the vitality and digital transition at each the nationwide and European ranges,” stated François Wohrer, Chief Funding Officer at Banque des Territoires.
Based in 2012, Dracula Applied sciences develops sustainable vitality options with its LAYER know-how, innovating energy sources for low-power electronics. Its natural photovoltaic (OPV) modules, manufactured utilizing patented digital printing, harvest ambient mild, eliminating reliance on conventional batteries.
LAYER Vault enhances the corporate’s current OPV harvesting product line, remodeling it right into a 2-in-1 product, combining low-light vitality harvesting and storage on a single, versatile movie making certain uninterrupted machine performance, empowering Sensible Buildings, Sensible Houses, Sensible Asset Monitoring, and different associated purposes.
EU-Startups beforehand featured Dracula Applied sciences in its GreenTech Report revealed in October 2022, noting that the startup had raised €5.5 million to develop a sustainable energy supply that converts ambient mild into electrical energy for low-power linked gadgets.
This mixed assist from buyers underscores confidence in Dracula Applied sciences’ potential to seize a share of the quickly increasing €10 billion battery alternative market, projected to develop five-fold by 2030.
Svetoslava Georgieva, Chair of the EIC Fund Board, stated: “As a public investor supporting breakthrough European applied sciences, the EIC Fund is happy to affix Dracula Applied sciences on this new section of commercial scale-up. Their vitality harvesting innovation instantly addresses the problem of lowering battery dependency in linked electronics and helps the EU’s ambitions for sustainability, digital resilience, and industrial autonomy.”
The brand new funding will permit Dracula Applied sciences to scale up manufacturing, discover industrial partnerships so as to add extra manufacturing capability nearer to key markets, assist world deployment to raised serve prospects worldwide, and solidify its place as a worldwide chief in sustainable energy for IoT.
To assist rising demand in key sectors equivalent to sensible buildings, asset monitoring, and IoT sensors, Dracula Applied sciences is at the moment fulfilling multi-year, high-volume contracts from world trade leaders to exchange batteries in billions of gadgets utilizing solely ambient indoor mild.
The capital will speed up Dracula’s transition from sheet-to-sheet to roll-to-roll Inkjet manufacturing, quadrupling manufacturing capability to 600 million cm² yearly at its state-of-the-art Inexperienced MicroPower Manufacturing facility in Valence – the world’s largest devoted manufacturing facility for printed natural photovoltaic (OPV) modules.
With manufacturing yields approaching 95%, the corporate has achieved best-in-class manufacturing effectivity that positions it to serve world markets at scale.
“As a pioneer in digital printing applied sciences, MGI instantly recognised the distinctive potential of Dracula Applied sciences’ industrial method to the manufacturing of OPV modules. From the very starting, we have been satisfied of the affect their know-how would have on powering linked gadgets, and we have now supported them since their inception each as an investor and as an industrial companion, by offering our printing options and the related consumables developed by the MGI Digital Expertise Group,” stated Edmond Abergel, COO in command of the MGI Group Technique.
He added: “This dedication now permits us, as each a shareholder and provider, to assist Dracula Applied sciences in a brand new stage of its improvement and to contribute to the worldwide deployment of sustainable, battery-free vitality options.”
