---
title: TracXon raises €4.75 million to pioneer sustainable alternative to printed circuit boards
date: 2025-09-09T00:00:00+02:00
author: Jana van de Ven
canonical_url: "https://www.bom.nl/en/articles/tracxon-raises-4-75-million-to-pioneer-sustainable-alternative-to-printed-circuit-boards"
section: News
---
#  TracXon raises €4.75 million to pioneer sustainable alternative to printed circuit boards 

 September 9, 2025 

 

 Eindhoven, The Netherlands <05 Sep. 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. 

 

 

 

 

 

   ![Tracxon](https://d3d5gk1jdgmand.cloudfront.net/resized/_900x600_crop_center-center_none_ns/121698/Tracxon.webp)  

   

 

 

  

 

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.

 

 

 

 

 

 

 

 

 

    

 

 

   ![Ashok Sridhar](https://d3d5gk1jdgmand.cloudfront.net/resized/_500x500_crop_center-center_none_ns/121702/Ashok-Sridhar.webp)  

> 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

 

  

 

 

   ![Hansbouman 1](https://d3d5gk1jdgmand.cloudfront.net/resized/_500x500_crop_center-center_none_ns/121704/hansbouman_1.webp)  

> 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

 

  

 

 

   ![Jvaneck bom nl](https://d3d5gk1jdgmand.cloudfront.net/resized/employees/_500x500_crop_center-center_none_ns/49071/jvaneck@bom.nl.webp)  

> More sustainably produced electronics is a must for our further transition to a circular economy. To have the opportunity to support an electronics equipment proposition in our region that drives that movement is great, as North-Brabant is the hot-spot for complex machine building and high-tech innovation.

###### Jurgen van Eck

Senior Investment Manager at BOM