TracXon Company Profile

Background

Overview

TracXon is a deep-tech startup based in Eindhoven, Netherlands, specializing in Hybrid Printed Electronics (HPE). Established in 2022 as a spin-off from the Holst Centre, TracXon focuses on developing sustainable and material-efficient alternatives to traditional printed circuit boards (PCBs). The company's mission is to revolutionize electronics manufacturing by providing flexible, recyclable, and eco-friendly solutions that significantly reduce environmental impact. TracXon's vision is to become a leading provider of HPE technology, contributing to a more sustainable digital industry.

Mission and Vision

Mission: To industrialize HPE technology, offering sustainable and resource-efficient alternatives to conventional PCBs, thereby transforming electronics manufacturing into an environmentally responsible process.

Vision: To replace at least 10% of global PCBs with HPE technology by 2033, representing approximately €15 billion worth of circuits annually, and to make "ubiquitous electronics" a reality in a socially responsible manner.

Primary Area of Focus

TracXon specializes in the development and industrialization of HPE technology, focusing on creating flexible, recyclable, and eco-friendly electronic components that serve as alternatives to traditional PCBs. The company's primary areas of focus include:

Sustainable Electronics Manufacturing: Developing processes that reduce carbon emissions and material usage compared to conventional PCB production.

Flexible and Recyclable Electronics: Creating electronic components that are both flexible and recyclable, supporting the circular economy.

Industrial Applications: Providing HPE solutions for various industries, including IoT, MedTech, automotive, and consumer electronics.

Industry Significance

The electronics industry is a significant contributor to environmental pollution due to the resource-intensive and polluting nature of traditional PCB manufacturing. TracXon's innovative approach addresses these challenges by offering a sustainable alternative that aligns with global efforts toward environmental responsibility and the circular economy. The company's technology has the potential to transform electronics manufacturing, making it more sustainable and efficient.

Key Strategic Focus

Core Objectives

Industrialization of HPE Technology: Scaling up the production of HPE components to meet the growing demand for sustainable electronics.

Market Penetration: Achieving a significant market share in the global PCB market by replacing a substantial portion of traditional PCBs with HPE technology by 2033.

Sustainability Leadership: Positioning TracXon as a leader in sustainable electronics manufacturing, contributing to a more environmentally responsible digital industry.

Specific Areas of Specialization

Roll-to-Roll (R2R) Manufacturing: Utilizing R2R printing techniques to produce electronic circuits on flexible and recyclable films, eliminating the need for copper, solder, and toxic chemicals.

Flexible and Recyclable Electronics: Designing electronic components that are both flexible and recyclable, supporting the circular economy and reducing environmental impact.

Multi-Layer and Double-Sided HPE: Developing equipment and processes to enable the production of multi-layered and double-sided HPE components, expanding the range of applications for the technology.

Key Technologies Utilized

R2R Printing Technology: A patented process that prints electronic circuits directly onto flexible and recyclable films, reducing material usage and environmental impact.

R2R VIA Printer: A unique, patented machine designed to enable vertical interconnections between circuit layers on both sides of a substrate roll, facilitating the production of multi-layered and double-sided HPE components.

Primary Markets or Conditions Targeted

Internet of Things (IoT): Providing sustainable electronic components for IoT devices, enabling the development of compact and efficient products.

Medical Technology (MedTech): Supplying flexible and recyclable electronic components for medical devices, supporting the creation of lightweight and eco-friendly products.

Automotive Industry: Offering sustainable electronic solutions for automotive applications, including smart surfaces and interactive interfaces.

Consumer Electronics: Developing eco-friendly electronic components for consumer products, aligning with the growing demand for sustainable devices.

Financials and Funding

Funding History

TracXon has secured significant funding to support the development and scaling of its HPE technology:

Seed Funding Round (September 2025): The company raised €4.75 million in a seed funding round led by DeepTechXL, with participation from Invest-NL and the Brabant Development Agency (BOM). This funding is intended to accelerate the industrialization of HPE technology and support the development of unique, patented equipment, including the R2R VIA Printer.

Total Funds Raised

As of February 2026, TracXon has raised a total of €4.75 million in seed funding.

Notable Investors

DeepTechXL: Led the seed funding round, contributing to TracXon's mission to industrialize HPE technology.

Invest-NL: Participated in the funding round, supporting the development of sustainable electronics manufacturing.

Brabant Development Agency (BOM): Joined the funding round, continuing its support for TracXon following a pre-seed investment.

Intended Utilization of Capital

The funds raised are allocated for:

Scaling Production: Expanding manufacturing capabilities to meet the growing demand for HPE components.

Developing Patented Equipment: Building unique, patented equipment, including the R2R VIA Printer, to enable multi-layered and double-sided HPE production.

Research and Development: Continuing innovation in HPE technology to enhance product offerings and maintain a competitive edge in the market.

Pipeline Development

Key Pipeline Candidates

TracXon's primary focus is on the development and industrialization of HPE technology, with specific pipeline candidates including:

R2R VIA Printer: A unique, patented machine designed to enable vertical interconnections between circuit layers on both sides of a substrate roll, facilitating the production of multi-layered and double-sided HPE components. The first commercial units are expected to be available by mid-2027.

Stages of Clinical Trials or Product Development

As a technology company, TracXon does not engage in clinical trials. The company is in the process of scaling up its production capabilities and developing patented equipment to support the industrialization of HPE technology.

Target Conditions

TracXon's technology targets the environmental impact associated with traditional PCB manufacturing, aiming to provide sustainable and resource-efficient alternatives across various industries.

Relevant Timelines for Anticipated Milestones

Mid-2027: Expected commercialization of the R2R VIA Printer, enabling the production of multi-layered and double-sided HPE components.

Technological Platform and Innovation

Proprietary Technologies

R2R Printing Technology: A patented process that prints electronic circuits directly onto flexible and recyclable films, reducing material usage and environmental impact.

R2R VIA Printer: A unique, patented machine designed to enable vertical interconnections between circuit layers on both sides of a substrate roll, facilitating the production of multi-layered and double-sided HPE components.

Significant Scientific Methods

Additive Manufacturing: Utilizing an additive manufacturing process to build electronic structures layer by layer, minimizing material waste and energy consumption compared to traditional subtractive methods.

Roll-to-Roll (R2R) Printing: Employing R2R printing techniques to produce electronic circuits on flexible and recyclable films, enabling scalable and sustainable manufacturing.

AI-Driven Capabilities

While specific AI-driven capabilities are not detailed in the available information, TracXon's focus on innovative manufacturing processes suggests potential integration of advanced technologies to enhance production efficiency and product quality.

Leadership Team

Key Executive Profiles

Ashok Sridhar: Co-founder and CEO of TracXon. With a background in technology and innovation, Sridhar has been instrumental in transitioning TracXon from a lab-scale innovation to a production-ready technology company.

Corne Rentrop: Co-founder and CTO of TracXon. Rentrop brings expertise in technology development and has played a key role in the company's technological advancements.

Raghu Pendyala: Co-founder of TracXon. Pendyala contributes to the company's strategic direction and growth initiatives.

Key Contributions or Roles Within the Company

Ashok Sridhar: As CEO, Sridhar leads the company’s strategic growth, fundraising efforts, and operational scaling.

Corne Rentrop: As CTO, Rentrop oversees technology development and leads innovation in HPE process engineering.

Raghu Pendyala: Focuses on business strategy, partnerships, and market expansion initiatives.

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