Dutch Startup Raises One Million Euros to Build Greener Electronics
Eindhoven, Monday, 7 September 2026.
TracXon secured a one-million-euro investment from 819 Capital Partners to scale its technology, aiming to replace ten percent of the world’s hard-to-recycle printed circuit boards.
Scaling Up Eco-Friendly Circuit Production
On August 31, 2026, and officially announced on September 1, 2026, the Dutch investment firm 819 Capital Partners committed €1 million to TracXon [2][3]. Based in Eindhoven, Netherlands, TracXon was established in 2022 as an independent deep-tech spin-off from TNO and the Holst Centre [2][4]. This fresh capital injection is structured as an extension of the startup’s previous €4.75 million financing round completed in September 2025, which was led by DeepTechXL and backed by Invest-NL and the Brabant Development Agency (BOM) [1][2]. The addition brings the total funding raised across this extended round to €5.75 million [1][2].
Transitioning Away from Rigid PCBs
The investment is sourced from the €10 million 819 Seed Fund I, an investment vehicle actively supported by the Netherlands Enterprise Agency (RVO) [2]. TracXon specializes in Flexible Hybrid Electronics (FHE), also referred to as Hybrid Printed Electronics (HPE), which represents a major technological pivot away from traditional rigid printed circuit boards (PCBs) [2][4]. Instead of relying heavily on traditional materials like solder and copper, TracXon prints electronic circuits directly onto thin, stretchable, bendable, and recyclable films using specialized conductive inks [1][4].
Accelerating the Roll-to-Roll (R2R) VIA Printer
TracXon plans to allocate the €1 million investment to accelerate the development of its proprietary Roll-to-Roll (R2R) VIA Printer [1][2]. This system acts as a crucial building block for manufacturing double-sided flexible electronics at scale [1][4]. The company aims to officially launch the printer commercially in mid-2027 [1][2]. By mastering the entire FHE value chain—ranging from design guidelines to patented production systems—TracXon stands out as a unique player capable of scaling this technology sustainably [1][5].
Driving Industrial Commercialization
Under the leadership of co-founder and CEO Ashok Sridhar, PhD MBA, the Eindhoven-based scale-up targets fast-growing sectors like healthcare, the automotive industry, and the Industrial Internet of Things (IIoT) [1][2][3]. According to Sridhar, the partnership with 819 Capital Partners will allow the company to establish commercial-scale production and deliver sustainable FHE solutions to a broader industrial market much faster [2]. Sven Kempers, co-founder and Partner at 819 Capital Partners, echoed this sentiment, highlighting TracXon’s end-to-end manufacturing approach as a key differentiator [2].
Industry Recognition and Green Ambitions
TracXon’s long-term vision is highly ambitious: the company aims to replace at least 10% of the billions of conventional, hard-to-recycle PCBs manufactured globally each year [1][2]. By utilizing recyclable foils and reducing reliance on heavy metals, the startup’s technology addresses a critical e-waste challenge in global manufacturing [2][4]. This environmental potential, combined with technical viability, has already earned the startup significant recognition [1].
Building on Ecosystem Success
Prior to this funding extension, TracXon won the ASML-sponsored Semiconductors & Advanced Electronics Track Award at the finals of the 2026 Hello Tomorrow Challenge in Amsterdam [1][2]. The startup is also a former winner of the Gerard & Anton Award, highlighting its deep roots and growing influence within the Eindhoven tech ecosystem [1][2]. With its R2R VIA Printer scheduled for commercial launch in mid-2027, TracXon is well-positioned to drive the next generation of sustainable hardware [1][2].