Dracula Technologies Completes €30 Million Series A with Extension Round to Scale Revolutionary Battery-Free IoT Technology
Valence, France, October 21, 2025 – Dracula Technologies, a pioneer in enabling battery-free IoT through energy harvesting from ambient indoor light, today announced the completion of its Series A extension round, bringing the total Series A funding to €30 million. This marks a key milestone in the company’s mission to eliminate batteries from billions of connected devices worldwide.
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.
The extension round includes participation from existing investor Banque des Territoires, acting on behalf of the French State under the “France 2030” program, and leading the financial operation, together with MGI Digital Technology Group, a pioneering industrial partner in digital printing technologies, and historical private investors. The round also welcomes the prestigious European Innovation Council (EIC) Fund as a new strategic partner. This combined support from investors underscores confidence in Dracula Technologies’ ability to capture a significant share of the rapidly expanding €10 billion battery replacement market, projected to grow five-fold by 2030.
Meeting Unprecedented Market Demand
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. By eliminating the environmental and operational burden of battery replacement, the company is helping customers meet sustainability goals at scale.
Backing from Strategic Investors
“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.”
“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.
About Dracula Technologies | https://dracula-technologies.com/
Dracula Technologies, headquartered in Valence, France, pioneers sustainable energy solutions with its LAYER® technology, revolutionizing 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. With a commitment to clean, renewable energy, Dracula Technologies leads the charge towards a greener future by providing long-lasting and cost-effective energy solutions