TracXon raises €4.75 million to pioneer sustainable alternative to printed circuit boards

Thema:: Digital systems; Digital society

5 September 2025

TracXon, a deep-tech spin-off from TNO, has secured €4.75 million ($5.50 million) in seed funding to accelerate the industrialization of hybrid printed electronics (HPE). This breakthrough technology offers a sustainable, resource-efficient alternative to traditional printed circuit boards (PCBs), one of the most polluting components in electronics. The round was led by DeepTechXL, with participation of Invest-NL and the Brabant Development Agency (BOM). BOM continues its support following a pre-seed investment extended to TracXon.

Founded in 2022, TracXon has pioneered the transition from lab-scale to industrial-scale production of HPE. With a 5x lower carbon footprint and a 12x lower material use, TracXon’s technology offers a sustainable and functionally superior alternative to the resource intensive and bulky traditional printed circuit board (PCB) technologies. These reductions directly contribute to the circular economy and a more sustainable digital industry.

Co-developing and manufacturing HPE products

In 3 years, TracXon has supported over 20 customers from 10 countries by co-developing and manufacturing their HPE products, leveraging unique design and application know-how and roll-to-roll (R2R) manufacturing capabilities. The end applications enabled by TracXon range from compact Industrial- and Wearable Internet of Things (IoT) devices, all the way up to large-area devices (>1 m2) such as LED foils for display and lighting applications.

Unique patented equipment

TracXon will leverage the seed investment to build unique, patented equipment to enable multi-layered and double-sided HPE, starting off with the first-of-its-kind R2R VIA Printer. This machine, expected to be commercialized in mid-2027, will enable vertical interconnections between circuit layers on two sides of a substrate roll, marking a significant advancement in sustainable electronics manufacturing.

'TracXon is leading a paradigm shift in the way electronics are manufactured: from subtractive and unsustainable to additive and highly sustainable. The seed investment round will propel us towards our bold ambition of replacing at least 10% of the PCBs with our HPE technology by 2033, which translates to approximately €15 billion worth of circuitry per year. Our technology represents a tremendous step forward in realizing “ubiquitous electronics” in a socially responsible manner'

Ashok Sridhar

Co-founder and CEO TracXon

'We are proud of this achievement. TracXon is a prime example of how TNO innovations can evolve into impactful ventures. TNO invests in technologies that contribute to a better world, and TracXon is directly contributing to a more sustainable future by fundamentally transforming how electronics are produced.'

Hans Boumans

Director TNO Ventures