Donut Lab, a Helsinki-based e-mobility technology company, has raised €25 million in seed funding to support the growth of its modular electric vehicle platform. The investment round includes notable participation from Risto Siilasmaa, former chairman of Nokia, who also joins the company’s board. Donut Lab develops a comprehensive platform of inter-compatible components—such as in-wheel motors, battery modules, and control software—designed to simplify and accelerate electric vehicle production across land, sea, and air applications. The funding will be used to expand research and development, particularly through a new UK facility, and to advance commercial partnerships. The company reports over ten signed contracts with OEMs and continues to grow its engineering and leadership teams with new international hires.
Donut Lab is a Helsinki-based technology company specializing in modular electric vehicle components. Its core offering includes a platform of interoperable hardware and software systems designed for electric mobility applications across automotive, marine, aerospace, and robotics sectors. The company’s technology suite includes in-wheel motors, battery modules, and control units intended to simplify integration and reduce the need for traditional drivetrain architectures. Donut Lab operates with international R&D and engineering teams, with facilities in Finland and the UK, and works with OEM partners to support full-stack EV development across a range of use cases.
The fresh capital will fuel international R&D expansion—with a new UK facility in Chippenham already in place—while supporting global hiring and scaling production to meet growing demand. With ten commercial contracts already signed across automotive, marine, aerospace, and defense sectors, Donut Lab is quickly becoming a cornerstone in next-gen mobility.
“The continued growth in demand, international expansion, and interest from customers, investors, and new recruits alike demonstrates to us founders what we have always believed, that our tech solution is truly groundbreaking,“ said CEO Marko Lehtimaki. “The performance, robustness, versatility and relative low cost of entry of our products really is a winning formula. I cannot wait to showcase the latest applications and introduce new business divisions and partners of our growing group in the coming weeks and months.”
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Read the orginal article: https://arcticstartup.com/donut-lab-raises-e25m-seed/
