1. 07 Jul 2025

   Seed

   €25.0M

   Cumulative €25.0M

2. 15 Jul 2026 · +1 yr

   Grant

   €1.5M

   Cumulative €26.5M

Amounts 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.

• 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.”

  Read at Ny Teknik

• 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.”

  Read at Talouselämä

• 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.”

  Read at Kauppalehti

• Funding07 Jul 2025EUR 25.0M

  Donut Lab raised EUR 25.0M in seed.

  ▸Source: Tech.eu

  Read at Tech.eu

• Bela Bhuskute

  Chief Researcher

• Esa Parjanen

  Head of Business Development

• Jarkko Aro

  Director of Industrialization

• Marko Lehtimäki

  Board Member

• Tuomo Lehtimäki

  Co-Founder, Board Member & Advisor

• Ville Piippo

  Co-Founder & CTO

Raised €26.5M to date · FY2025 turnover €52K · 6 employees

• ≈€10K turnover per employee (FY2025).

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.