Dutch startup TracXon secured €4.75 million in seed funding to industrialise its hybrid printed electronics (HPE) technology, positioning itself as a challenger to traditional printed circuit boards (PCBs). The company aims to deliver flexible, recyclable, and eco-friendly alternatives to PCB manufacturing.

Invest-NL’s Deep Tech Fonds led the round with €2 million, joined by DeepTechXL and the Brabantse Ontwikkelings Maatschappij (BOM).

Founded in 2022 as a spin-off from research institute TNO, TracXon developed a roll-to-roll (R2R) process that prints electronics directly onto recyclable films, eliminating copper, solder, and toxic chemicals used in conventional PCB production.

“TracXon is transforming electronics manufacturing from traditional and polluting to efficient and sustainable,” said Ashok Sridhar, Co-founder & CEO of TracXon. He added that the company plans to replace 10% of global PCB production with HPE technology by 2033, equivalent to €15 billion worth of circuits annually.

The company’s flagship product, the R2R VIA Printer, enables scalable double-sided circuit printing. TracXon will deploy the new funding to scale production, launch its first commercial units by mid-2027, and build custom equipment to cut costs and lower carbon emissions by up to 80%.

The global PCB market, projected to exceed €150 billion by 2030, remains energy- and resource-intensive. TracXon is targeting high-growth sectors including IoT, MedTech, automotive, and consumer electronics, where demand for thinner, lighter, and more flexible electronics is surging.

TracXon has already signed 20+ co-development partners and customers across 10 countries. By offering printed electronics as a service, the startup enables clients to adopt next-gen technology without heavy investments in infrastructure.

This funding aligns with the Netherlands’ broader push to foster deep tech innovation, supported by initiatives involving TNO, Techleap, and Invest-NL.

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