1. 07 Jul 2025

   Seed

   €25.0M

   Cumulative €25.0M

Amounts in EUR, converted at the ECB rate on the event date. Every figure links to its source.

• Funding07 Jul 2025EUR 25.0M

  Donut Lab raised EUR 25.0M in seed.

  ▸Source: Tech.eu

  Read at Tech.eu

• Tuomo Lehtimäki

  Co-Founder, Board Member & Advisor

• Ville Piippo

  Co-Founder & CTO

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 €25.0M (across 1 round · last 07 Jul 2025).

What was Donut Lab's latest funding round?

Donut Lab's most recent disclosed round was a seed round of €25.0M, announced 7 July 2025.

Who has invested in Donut Lab?

Investors in Donut Lab include Risto Siilasmaa.