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Donut Lab

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In-wheel motor technology enhancing EV performance with unmatched efficiency and control

Espoo, FinlandFounded 2024Transportation

Valuation $100–250M Last recorded · 2025

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About Donut Lab

Donut Lab is a Helsinki e-mobility deeptech company building a modular plug-and-play EV component platform—high-torque in-wheel Donut Motors, battery modules, compute and vehicle-control software—so OEMs can electrify land, sea and air vehicles without traditional drivetrains. Founded in 2024 and led by CEO Marko Lehtimäki, it serves automotive, aerospace, robotics, marine and defence customers and has reported commercial OEM contracts alongside a UK R&D site; serial investor Risto Siilasmaa joined the board around the seed. In July 2025 Donut Lab raised a €25 million seed round to expand R&D, manufacturing and international teams. Type left as corporate. Sources: Tech.eu / EU-Startups Jul 2025.

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At a glance

Status: Operational
Founded: 2024
Headquarters: Espoo, Finland
Employees: 51
Open positions: None listed
Dealroom signal: 80.7/100
Industry: Transportation
Sub-industry: Vehicle Production
Sector: Transportation, Automotive, Building Energy Efficiency
Technology: Artificial Intelligence
Business model: Manufacturing
Client focus: b2b
Investment activity: 1 company, latest Jul 2025
Capital deployed: $0
Preferred round: SEED
Links: Website LinkedIn

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Funding history

2 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
GRANT✓Other financing	May 2026	$206K	—	Ministry of Economic Affairs and Communications of Estonia	↗
SEED✓Equity / VC	Jul 2025	$28M	$110M	Risto Siilasmaa · First Fellow Partners · Springvest · Aboa Advest	↗

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Growth signals

Donut Lab website traffic

Latest recorded traffic for Donut Lab is 61K monthly website visits, down 69.5% over the last three months.

Latest monthly visits61K 3-month web change-69.5%

Monthly website visitsJun 2025–Jul 2026

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