Eindhoven-based TracXon has raised €4.75 million in Seed investment to accelerate the industrialisation of its hybrid printed electronics (HPE) technology.
The funding saw participation from Invest-NL’s Deep Tech Fonds, which contributed €2 million, alongside DeepTechXL and the Brabantse Ontwikkelings Maatschappij (BOM). TracXon’s flexible, double-sided, and sustainably printed electronics aim to replace conventional printed circuit boards (PCBs) across industries including MedTech, automotive, and consumer electronics.
Ashok Sridhar, Co-founder and CEO, says, “TracXon is bringing about a fundamental change in electronics manufacturing. From traditional and polluting to efficient and sustainable. This investment round brings us closer to our goal of replacing at least 10% of PCBs with our HPE technology by 2033.
“This represents approximately €15 billion worth of circuits per year. Our technology is a huge step towards ‘ubiquitous electronics’ – electronics that are all around us – in a socially responsible way.”
Founded in 2022, TracXon has evolved from lab-scale innovation into a production-ready technology company. Its patented roll-to-roll (R2R) manufacturing process is reportedly Europe’s first to print electronics industrially on flexible and stretchable films. This enables thinner, bendable, and recyclable electronics that avoid the use of copper, solder, and toxic chemicals – making it a cleaner, more circular alternative to traditional PCBs.
The investment will support TracXon’s expansion plans and the commercial roll-out of its signature innovation: the R2R VIA Printer. This machine links circuit layers on both sides of a flexible substrate roll, making mass production of sustainable HPEs not just possible, but scalable.
The first models are expected to be available by mid-2027. The company will also use the funds to build custom, patented production equipment to refine and scale its R2R technology, allegedly reducing carbon emissions by up to 80%.
Liz Duijves, Investment Manager at Invest-NL, added: “TracXon’s technology opens doors to applications that were previously unimaginable. Think of medical plasters with integrated biosensors or smart, interactive surfaces in cars. The fact that their technology is also much more sustainable than traditional electronics makes us, as Deep Tech Fonds, not only proud but also hopeful about where the industry can go.” (Translated)
At a time when supply chain resilience and ecological concerns are shaping investment priorities, TracXon positions itself as a game-changer. The technology has already drawn customers from over 10 countries and more than 20 co-development partnerships across life sciences, automotive, and IoT sectors.
For clients, this can mean access to cutting-edge printed electronics without the costs of building new internal production capabilities.
The investment follows a recent collaboration between TNO, Techleap, and Invest-NL aimed at accelerating deep tech innovation and fostering a robust European technology ecosystem.
Hans Boumans, director of TNO Ventures, says, “We are proud of this achievement. TracXon is a good example of how TNO innovations can grow into impactful companies. TNO invests in technologies that create a better world, and TracXon contributes directly to a more sustainable future by fundamentally changing how electronics are produced.”
By focusing on scalability, environmental impact, and sector versatility, TracXon is not only tackling the pollution challenges associated with PCBs but also paving the way for a more flexible and circular electronics industry in Europe.
Read the orginal article: https://www.eu-startups.com/2025/09/rolling-with-it-dutch-startup-tracxon-nabs-e4-75-million-to-disrupt-traditional-circuit-boards/
