TracXon, the Eindhoven-based deep tech startup spun out of TNO, has raised €4.75M in seed funding to accelerate the industrialisation of its High-Performance Electronics (HPE) platform — a more sustainable and material-efficient alternative to traditional printed circuit boards (PCBs).
The round was led by DeepTechXL, with participation from Invest-NL and the Brabant Development Agency (BOM).
Founded in 2022 and led by Ashok Sridhar, TracXon is developing patented equipment, including the world’s first roll-to-roll VIA Printer, designed to connect circuit layers on both sides of a substrate roll. The printer, expected by 2027, aims to reduce PCB-related carbon emissions fivefold and cut material use by 12x.
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Transforming electronics manufacturing
PCBs are among the most polluting components in electronics. TracXon’s technology enables the production of HPE devices that support the circular economy and lower environmental impact.
The company’s products span industrial devices, IoT gadgets, and large-area applications such as LED films for displays and lighting. In just three years, TracXon has co-developed HPE solutions with more than 20 customers across 10 countries.
“TracXon is bringing about a fundamental change in electronics manufacturing — from traditional and polluting to efficient and sustainable. This round brings us closer to replacing 10% of global PCBs with HPE by 2033, worth roughly €15B annually,” said Ashok Sridhar, co-founder and CEO.
Next steps
With the new funding, the company will:
- Scale up its patented roll-to-roll production methods
- Build industrial-grade VIA printers
- Accelerate adoption of sustainable HPE products across industries
The startup’s long-term goal is to make “ubiquitous electronics” possible, ensuring that the next generation of connected devices is both scalable and socially responsible.
