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COINTURK FINANCE > Business > TracXon Secures €4.75M for Advancing Sustainable Electronics Manufacturing
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TracXon Secures €4.75M for Advancing Sustainable Electronics Manufacturing

Overview

  • TracXon secured €4.75 million to bolster sustainable electronics production.

  • They aim to reduce environmental impact with their Roll-to-Roll VIA Printer.

  • Plans include replacing 10% of PCBs with greener alternatives by 2033.

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A green shift in electronics production emerges from the heart of the Netherlands, as Eindhoven-based TracXon garners €4.75 million in seed funding to reshape how electronics are made. The fresh financial injection is part of a larger concerted effort by companies and investors to back technological advancements with sustainability at the forefront. This move underlines evolving industry standards where reducing environmental impact is key.

Contents
A Fresh Approach to Sustainability?Who Supports TracXon’s Vision?

In earlier developments, a strategic collaboration involving TNO and Techleap was initiated, aimed at propelling technological innovation and aiding startup growth. TracXon’s present leap is a glimpse into the concrete fruition of these efforts. Consistently, the industry sees a growing number of initiatives bridging eco-friendly solutions and technological prowess.

A Fresh Approach to Sustainability?

TracXon channels this recent funding into creating its patented equipment to transform electronic manufacturing. Key in this venture is their Roll-to-Roll (R2R) VIA Printer, which serves to connect circuit layers efficiently. According to the company, the R2R VIA Printer will mark its debut by mid-2027, with expectations for it to greatly enhance the electronics production process.

Who Supports TracXon’s Vision?

Led by DeepTechXL, alongside Invest-NL and the Brabant Development Agency (BOM), funding efforts reflect confidence in TracXon’s potential. Hans Boumans of TNO Ventures noted,

“We are proud of this achievement. TracXon is a good example of how TNO innovations can grow into impactful companies.”

This sentiment echoes a broader aspiration for technology that supports a better world.

Since its founding in 2022, TracXon has bridged the gap from theoretical research to real-world application by turning its attention to multi-layer and double-sided High-Performance Electronics (HPE). CEO Ashok Sridhar declares their steadfast resolve,

“TracXon is bringing about a fundamental change in electronics manufacturing… in a socially responsible way.”

This ambition serves not only a technological advancement but an alignment with sustainable practices.

The company’s advancement contributes to the greener initiatives within the electronics industry. By committing to R2R technology, TracXon proposes reducing the carbon and material usage footprint dramatically compared to traditional printed circuit boards (PCBs), significantly impacting the digital industry and actively supporting the circular economy.

Prior recognition through winning a Gerard & Anton Award has poised TracXon as a viable candidate for ushering in innovative sustainable solutions. The vision extends to applying HPE technology across different domains, impacting IoT gadgets, industrial devices, and lighting solutions, aiming for widespread adoption.

Industry trends increasingly point toward environmentally responsible production methods while maintaining technological advancement. TracXon exemplifies this balance by aiming to replace a substantive share of traditional electronics production. For stakeholders and market participants, the company’s trajectory holds insights into how collaborations and funding can stimulate sustainable technological evolution.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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