What TracXon does

TracXon B.V. is an Eindhoven-based deep-tech equipment company that develops roll-to-roll (R2R) via printing systems for manufacturing flexible hybrid electronics (FHE). Founded in 2022 as an independent spin-off from TNO and the Holst Centre, the company sells modular R2R via printing equipment—the VX300 (R&D-scale, currently in operation) and VX600 (production-scale, with commercial release targeted for mid-2027)—alongside pilot manufacturing, design, and process development services. Its core technology replaces conventional subtractive PCB manufacturing with an additive process that reduces a typical multilayer stack from 5 layers to 3, while cutting material use by ~12x, CO₂ emissions by ~5x, energy consumption by ~4.5x, generated waste by ~10.5x, and water usage to zero.

The company generates revenue through three streams: quote-based equipment sales of the VX300 and VX600, pilot manufacturing services run on its own R2R lines for customer validation, and process development, training, and ongoing support services. Pricing is not publicly disclosed and is configured per engagement. Its go-to-market is enterprise-direct, with field sales targeting manufacturers in automotive interiors and in-mold electronics, wearables and medical patches, battery systems, IoT and flexible sensors, smart packaging, and energy films. The company operates a 500+ sqm pilot and production facility in Eindhoven.

TracXon's customer base spans more than 20 customers across 10 countries, with 25+ active development and pilot projects underway. As of September 2025, the company has raised €7.5M in total, including a €4.75M seed round led by DeepTechXL with participation from Invest-NL, BOM, TNO Ventures, Smart Industries Fund, Brabant Startup Fonds BV, and Rabobank. Headcount is in the 11-50 range, and the company has not publicly disclosed revenue. Its strategic target is to capture at least 10% of the traditional PCB market by 2033, which management sizes at approximately €15 billion annually.

Name

TracXon

Legal name

TracXon B.V.

Website

https://tracxon.tech

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

TracXon B.V. builds roll-to-roll via printing equipment for sustainable flexible hybrid electronics manufacturing, selling the VX300 (R&D) and VX600 (production) systems alongside pilot manufacturing and process development services to manufacturers in automotive, wearables, IoT, packaging, and energy applications.

Ownership category

akta.pro rank

Headquarters

HQ city

Eindhoven

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Equipment Sales: Sale of R2R via printing equipment (VX300 for R&D scale and VX600 for production scale) to manufacturers of flexible hybrid electronics. Equipment is modular and scalable, designed for both R&D and high-volume production applications.
2. Pilot Manufacturing Services: Pilot testing and production services on TracXon's R2R production lines, allowing customers to validate their designs and performance objectives before committing to equipment purchase.
3. Process Development & Support Services: Process development, training, and ongoing support services to ensure customer success with TracXon equipment and FHE manufacturing processes.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

TracXon designs, develops, and manufactures roll-to-roll (R2R) via printing equipment for sustainable flexible hybrid electronics (FHE) production, offering the VX300 R&D-scale machine and the VX600 production-scale machine. The company also provides design, proof-of-concept, pilot manufacturing, and process development services to help customers validate designs and scale up production of multilayer, double-sided, flexible circuits with reduced material use and energy consumption compared to conventional PCB manufacturing.

Product overview

TracXon provides equipment and process technology for sustainable flexible hybrid electronics (FHE). Their product portfolio consists of two main equipment models—the VX300 (R&D-scale) and VX600 (production-scale) roll-to-roll via printers—along with comprehensive services including design assistance, proof of concept validation, pilot manufacturing, and process development support. The company offers an Early-Access Program for the Roll-to-Roll VIA Printer technology with commercial release planned for mid-2027. All products are developed from hands-on production experience to address real manufacturing challenges including yield, uptime, material use, energy use, and repeatability.

Differentiator

Problem solved

Functional benefit

Products and services

• VX300 R&D-scale roll-to-roll via printer equipment for flexible hybrid electronics research and development. Supports on-the-fly no-tooling-change via placement, VIA diameter 150 µm to 1 mm, ±50 µm accuracy, 1–3 m/min throughput, PET/PEN/PC/TPU substrates, web width 0.20–0.30 m, foil thickness 50–175 µm, and integrated fiducials. Targets R&D teams and pilot programs at manufacturers and research institutions.
• VX600 Production-scale roll-to-roll via printer equipment for high-volume flexible hybrid electronics manufacturing. Supports on-the-fly no-tooling-change via placement, VIA diameter 100 µm to 1 mm, ±40 µm accuracy, 1–15 m/min throughput, integrated fiducials with ML-based yield optimization, Ag/Cu/C inks, and foil thickness 50–200 µm. Targets high-volume production environments.
• Design Services

Quantifiable outcome

• 5x lower CO₂ emissions compared to conventional PCB manufacturing
• +6 more outcomes

Named customers1 record

Segments6 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• TNO (Netherlands Organisation for Applied Scientific Research)coreStrategic or Co-development PartnerTracXon was founded in 2022 as an independent spin-off from TNO and the Holst Centre. TNO is described as one of Europe's most respected deep-tech research institutions and the birthplace of much of the world's printed-electronics know-how.
• Holst CentrecoreStrategic or Co-development PartnerCo-founder organization along with TNO. Holst Centre is a research institute specializing in printed electronics and flexible electronics technology, recognized internationally for printed-electronics expertise.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Notion Systems: German-based supplier of inkjet printing equipment for functional materials and printed electronics. Direct competitor to TracXon in the industrial inkjet/additive manufacturing equipment space for flexible electronics production.
• XTPL: Polish-listed supplier of ultra-precise printing technology and materials for printed electronics, including prototyping and pilot-production equipment. Direct peer in the printed-electronics equipment market with similar target customers.
• Kateeva: US-based equipment supplier for printed electronics, particularly OLED display manufacturing using inkjet printing. Direct peer in industrial printing equipment for advanced electronics with similar customer types.
• NovaCentrix: US-based provider of printed electronics materials, equipment, and process technology. Comparable to TracXon in serving printed-electronics manufacturers with conductive inks and roll-to-roll production solutions.
• Hymmen: German manufacturer of industrial digital printing machines, including roll-to-roll systems for functional surfaces and electronics. Direct peer in industrial R2R printing equipment for high-end applications.

Broad incumbents

• Fujifilm Dimatix: Division of Fujifilm supplying industrial inkjet printheads and printing equipment for printed electronics and similar applications. Comparable as a broader incumbent in industrial printing equipment relevant to TracXon's customer base.
• Applied Materials: Largest global supplier of semiconductor and electronics manufacturing equipment. Broad incumbent offering equipment for electronics production, including emerging applications adjacent to TracXon's flexible hybrid electronics market.
• ASMPT: Hong Kong-listed supplier of semiconductor and electronics assembly equipment. Broad incumbent in electronics manufacturing equipment with comparable client base in PCB-related industries.
• Manz AG: German supplier of high-tech equipment for electronics manufacturing, including display, battery, and PCB production. Comparable as a broader equipment player in advanced electronics manufacturing.

Regional players

• Meyer Burger Technology: European-based (Swiss-German) supplier of production equipment for solar and semiconductor industries, now refocusing on heterojunction solar cell production. Comparable in equipment manufacturing for advanced electronics with similar geographic orientation to TracXon.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tracxon-technologies

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds2 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TracXon