Company · FI · Helsinki
Donut Lab
Modular EV development platform supplying intercompatible components (in-wheel hub motors, battery, control hardware, software) for land, sea and air vehicles. Spun off from Verge Motorcycles.
- Raised
- EUR 25.0M
- Last round
- Grant · 15 Jul 2026
- Momentum
- Notable activity
- Events
- 5
- Last activity
- 06 Oct 2026
Updated 12 Sep 2026 · Reviewed 12 Sep 2026
Capital
2 rounds · 2025–2026
2024
Founded
2026
Grant
€1.5M
07 Jul 2025
Seed
€25.0M
Cumulative €25.0M
15 Jul 2026 · +1 yr
Grant
€1.5M
Cumulative €26.5M
Backers
1 investorAmounts in EUR, converted at the ECB rate on the event date. Funding totals exclude debt, grants and state aid; rounds whose instrument is not yet established are still counted. Every figure links to its source.
Activity
5 events
- Launch06 Oct 2026
Donut Lab is set to deliver the world's first solid-state battery in a production vehicle with Verge Motorcycles' electric motorcycle starting in the first quarter of this year.
▸Source: Ny Teknik
“Det påstådda superbatteriet bygger varken på litium eller natrium, enligt ett test utfört av provningshuset Intertek.”
- Launch03 Sep 2026
Donut Lab showcased a solid-state battery with an energy density of 400 Wh/kg at CES, set to be delivered with Verge Motorcycles' electric motorcycle in the first quarter of the year.
▸Source: Ny Teknik
“Testinstitutet VTT har äntligen fått väga ett batteri från Donut Lab – och kommer fram till att energitätheten är imponerande 409 Wh/kg. Men det finns en stor hake.”
- Hire14 Aug 2026
Esa Parjanen has joined the board of Donut Lab, while Risto Siilasmaa has left the board.
CEO
▸Source: Talouselämä
“Risto Siilasmaa ei ole enää Donut Holding Oy:n hallituksessa.”
- Funding15 Jul 2026EUR 1.5M
Donut Lab Development OÜ received nearly 1.5 million euros in grants from the Estonian government for drone development projects.
▸Source: Kauppalehti
“Viro etsii kuumeisesti sotatarviketeollisuuden menestystarinoita, ja Donut Lab saa nyt osansa tähän suunnatusta avokätisestä rahoituksesta.”
- Funding07 Jul 2025EUR 25.0M
Donut Lab raised EUR 25.0M in seed.
▸Source: Tech.eu
People
6 people
Bela Bhuskute
Chief Researcher
Esa Parjanen
Head of Business Development
Director of Industrialization
Board Member
Co-Founder, Board Member & Advisor
Co-Founder & CTO
Registry
FY2025
| Year | Turnover | Net profit | Headcount | Taxes paid | Source |
|---|---|---|---|---|---|
| 2025 | €52K | €-552K | 6 | — | RIK (EE) |
Raised €26.5M to date · FY2025 turnover €52K · 6 employees
- ≈€10K turnover per employee (FY2025).
Questions
7 answers
- What does Donut Lab do?
- Modular EV development platform supplying intercompatible components (in-wheel hub motors, battery, control hardware, software) for land, sea and air vehicles. Spun off from Verge Motorcycles.
- When was Donut Lab founded?
- Donut Lab was founded in 2024.
- Where is Donut Lab headquartered?
- Donut Lab is headquartered in Helsinki, Finland.
- How much funding has Donut Lab raised?
- Donut Lab has raised €26.5M (across 2 rounds · last 15 Jul 2026).
- What was Donut Lab's latest funding round?
- Donut Lab's most recent disclosed round was a grant round of €1.5M, announced 15 July 2026.
- Who has invested in Donut Lab?
- Investors in Donut Lab include Risto Siilasmaa.
- What is Donut Lab's revenue?
- Donut Lab reported €52K in turnover for FY2025, per official registry filings.
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