# Donut Lab

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/donut-lab-2

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Finland
- Website: www.donutlab.com
- Total disclosed funding: $16M
- Latest round: Seed (Dec 13, 2024)
- Investors on record: 1

## About

Based in Finland, Donut Lab specializes in high-performance electric vehicle components, providing innovative solutions to streamline the development of advanced vehicles across multiple sectors. Donut Lab, established in 2025 in Finland, focuses on electric vehicle components, offering essential products for manufacturers. In July 2025, Donut Lab raised EUR 25 million in seed funding. The Donut Platform specializes in high-performance electric vehicle (EV) components, offering a comprehensive suite of integrated products designed to streamline the development of revolutionary vehicles. Its core offerings include an advanced in-wheel motor providing exceptional torque and power density, high-capacity energy storage solutions optimized for extended range, a next-generation AI-ready compute unit for vehicle intelligence, and adaptive software that enhances control and performance. These components work synergistically, allowing manufacturers across various sectors—such as automotive, aviation, marine, and robotics—to reduce research and development costs by up to 90% while enhancing efficiency and performance. The Donut Platform serves a diverse client base, including automotive manufacturers, aerospace companies, and robotics firms, across multiple geographical markets, including North America, Europe, Asia-Pacific, and emerging markets in South America and Africa. The company generates revenue primarily through direct sales of its components and subscription-based partnerships with manufacturers and developers. Clients engage with the Donut Platform by integrating its motor, battery, and software solutions into their vehicles and systems, facilitating a streamlined product development process. Business transactions typically involve structured agreements that may include one-time purchases for specific components, bundled pricing for comprehensive packages, or ongoing subscriptions for software updates and support services. The revenue model emphasizes long-term partnerships with clients seeking to leverage the high-performance capabilities of the Donut Platform’s technology to enhance their own product offerings. Specific pricing plans and transaction details are structured to align with the unique needs of each customer, ensuring competitive and flexible solutions in the evolving EV landscape. In July 2025, Donut Lab raised EUR 25 million in venture funding from individual and unspecified investors. The company plans to utilize this funding to scale its operations and enhance product development, including the design and launch of new components aimed at expanding their offerings. They are targeting growth in North America and Asia-Pacific regions by 2026, aiming to establish a stronger market presence and customer base. The funding will support these initiatives, allowing Donut Lab to continue its trajectory in the electric vehicle sector.

## Funding rounds

- Seed, Dec 13, 2024, $16M — First Fellow Partners

## Investors

- First Fellow Partners (https://capitalatlas.ai/funds/first-fellow-partners) — Seed