French DeepTech scale-up Dracula Technologies, a leader in ambient light energy harvesting, has extended its Series A round to €30 million to accelerate the industrialization and global rollout of its battery-free IoT solutions.
The extension was led by Banque des Territoires under the “France 2030” initiative, with continued participation from MGI Digital Technology Group and new backing from the European Innovation Council (EIC) Fund — marking a significant vote of confidence in Europe’s energy-autonomous technology sector.
“This milestone reflects the hard work and commitment of our team and the long-term trust of our investors,” said Brice Cruchon, Founder and CEO of Dracula Technologies. “With this support, we’re strengthening our industrial footprint in France, preparing for future manufacturing near key markets, and expanding global partnerships to accelerate deployment.”
From Ambient Light to Infinite Power
Founded in 2012, Dracula Technologies is pioneering organic photovoltaic (OPV) innovation with its proprietary LAYER® technology — a printed, flexible module that transforms ambient indoor light into electricity for low-power connected devices.
Unlike traditional solar or battery systems, LAYER® modules operate under low-light conditions and can power IoT sensors, trackers, and smart building systems without a battery, reducing waste and maintenance costs.
Its latest advancement, LAYER Vault, combines light harvesting and energy storage on a single ultra-thin film — a leap forward in self-sustaining electronics that could power billions of devices across smart homes, logistics, and industrial IoT applications.
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Scaling Sustainable IoT Energy
The fresh capital will allow Dracula Technologies to:
- Scale production through a transition from sheet-to-sheet to roll-to-roll inkjet manufacturing at its Green MicroPower Factory in Valence — the world’s largest OPV facility.
- Boost output to over 600 million cm² annually while maintaining 95% production yields, setting a new benchmark for efficiency in printed energy systems.
- Fulfill multi-year supply agreements with global corporations seeking to replace traditional batteries across IoT ecosystems.
“Dracula Technologies is tackling one of the most pressing challenges in connected electronics — battery dependency,” said Svetoslava Georgieva, Chair of the EIC Fund Board. “Their innovation directly supports Europe’s goals for sustainability, digital resilience, and industrial sovereignty.”
The company’s expansion comes as Europe doubles down on smart energy and decarbonization technologies. Recent investments in etalytics (€16M, Germany) and Clevergy (€3.2M, Spain) highlight growing investor appetite for climate-aligned DeepTech ventures — but Dracula stands out for its unique focus on indoor energy harvesting for IoT.
“We’re proud to support Dracula Technologies as it scales from regional innovation to global impact,” said François Wohrer, Chief Investment Officer at Banque des Territoires. “This project embodies our mission: building local industrial strength while advancing Europe’s energy and digital transitions.”
About Dracula Technologies
Dracula Technologies is a French DeepTech company pioneering organic photovoltaic (OPV) energy harvesting. Its patented LAYER® technology converts ambient indoor light into electricity, enabling battery-free IoT devices for smart buildings, logistics, and industrial applications. Headquartered in Valence, France, Dracula operates the world’s largest OPV manufacturing site and partners globally to advance a sustainable, connected future powered by light.
