Eindhoven-based TracXon has raised €4.75 million in seed funding to advance its sustainable alternative to printed circuit boards (PCBs). The round was led by DeepTechXL with participation from Invest-NL and Brabantse Ontwikkelings Maatschappij (BOM), alongside continued support from TNO Ventures, and the Smart Industries Fund. Brabant Startup Fonds BV and Rabobank also contributed.
Founded in 2022, TracXon has transitioned from lab research to industrial production of High-Performance Electronics (HPE). Its hybrid printed electronics technology reduces carbon emissions by five times and cuts material use by a factor of twelve compared to traditional PCBs, one of the electronics industry’s most polluting components.
The company is using the new funding to expand operations and develop patented equipment, including a roll-to-roll VIA Printer expected by 2027. This machine will enable vertical interconnections between circuit layers on both sides of a substrate roll, paving the way for multi-layer and double-sided printed electronics at scale.
“TracXon is bringing about a fundamental change in electronics manufacturing. From traditional and polluting to efficient and sustainable” said co-founder and CEO Ashok Sridhar. “This investment brings us closer to replacing at least 10% of PCBs with our HPE technology by 2033—about €15 billion worth of circuits annually”
Hans Boumans, director of TNO Ventures, added: “TracXon is a good example of how TNO innovations can grow into impactful companies. The company contributes directly to a more sustainable future by fundamentally changing how electronics are produced.”
TracXon’s roll-to-roll production process supports a circular economy and has already attracted more than 20 customers across 10 countries. Its products range from IoT devices and industrial electronics to LED films for displays and lighting.
The company’s ambition is to make hybrid printed electronics a core part of the industry, contributing to a more sustainable digital economy.
