France’s Dracula Technologies Extends Series A To €30 M To Scale Ambient-light Energy Solutions For Battery-Free IoT

The round was led by Banque des Territoires under the “France 2030” program, alongside MGI Digital Technology Group, with the European Innovation Council (EIC) Fund joining as a new strategic investor.

Dracula Technologies’ funding extension places the French company at the forefront of Europe’s growing investment wave in clean and smart-energy innovation. In 2025, EU-Startups also spotlighted Germany’s etalytics (€16M for AI energy optimisation) and Spain’s Clevergy (€3.2M for smart-energy expansion). Yet, Dracula’s focus on battery-free IoT powered by ambient indoor light stands out as a unique and unmatched niche in the sector.

“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.”

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Founded in 2012, Dracula Technologies pioneers sustainable energy with its patented LAYER technology, creating organic photovoltaic (OPV) modules that convert ambient light into electricity for low-power devices—eliminating battery dependence.

Its latest innovation, LAYER Vault, integrates light harvesting and storage on a single flexible film, powering smart homes, buildings, and IoT systems.

Previously featured in EU-Startups’ 2022 GreenTech Report after raising €5.5M, Dracula now targets a share of the €10B battery replacement market projected to quintuple by 2030.

“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.

The new funding will enable Dracula Technologies to scale production, expand industrial partnerships, and strengthen its global presence in sustainable IoT power solutions.

Meeting surging demand in sectors like smart buildings, asset tracking, and IoT sensors, the company is fulfilling multi-year contracts with global leaders to replace billions of batteries using ambient indoor light.

The capital will also fund Dracula’s shift from sheet-to-sheet to roll-to-roll Inkjet manufacturing, boosting annual output to 600 million cm² at its Green MicroPower Factory in Valence—the world’s largest OPV production facility. With 95% production yields, Dracula now sets the benchmark for efficiency and scalability in printed solar technology.

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.”

About Dracula Technologies

Dracula Technologies is a DeepTech pioneer in organic photovoltaic (OPV) innovation, redefining energy harvesting and storage through its flagship LAYER® technology. By converting ambient indoor light into power it enables battery-free IoT solutions, helping corporations deploy greener, more sustainable devices across smart buildings and connected environments.