When was Donut Lab founded?

Donut Lab was founded in 2010 and raised its 1st funding round 15 years after it was founded.

Where is Donut Lab located?

Donut Lab is headquartered in Espoo, Finland.

How many employees does Donut Lab have?

As of Sep 30, 2026, the latest employee count at Donut Lab is 49.

Is Donut Lab a funded company?

Donut Lab is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Jul 08, 2025.

When was the latest funding round of Donut Lab?

Donut Lab's latest funding was a $***** Seed round on Jul 08, 2025, with participation from 1 investor.

Where does Donut Lab rank among its competitors?

Donut Lab ranks 7th amongst 113 active competitors, of which 22 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Matel, which secured $13.6M in Aug, 2026.

Who are the top competitors of Donut Lab?

Donut Lab's top competitors include TSUYO, Vitesco Technologies and Matel. Among them, Matel secured the most recent funding round in August, 2026.

Donut Lab - 2026 Company Profile, Funding & Competitors

Donut Lab is a seed company based in Espoo (Finland), founded in 2010. It operates as a Developer of in-wheel electric motor platform. Donut Lab has raised $29.3M in funding. The company has 113 active competitors, including 22 funded and 8 that have exited. Its top competitors include companies like TSUYO, Vitesco Technologies and Matel.

Company Details

Developer of in-wheel electric motor platform. The platform offers universal electric vehicle (EV) platform with advanced software architecture.

Key Metrics

Founded Year

2010

Location

Espoo, Finland

Stage

Seed

Total Funding

$29.3M in 1 round

Latest Funding Round

Seed, Jul 08, 2025, $*****

Investors

Risto Siilasmaa

Ranked

7^th among 113 active competitors

Employee Count

49 as on Sep 30, 2026

Investment & Acquisitions

Nordic Nano & 1 more

Similar Companies

TSUYO & 105 more

View Donut Lab's full profile

Donut Lab has raised a total funding of $29.3M over 1 round. Its latest funding round was a Seed round on Jul 08, 2025 for $*****. 1 investor participated in its latest round. Donut Lab has 1 angel investor.

Here is the list of recent funding rounds of Donut Lab:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 08, 2025	7281437	Seed	3834386	5968174	9373105	8123079

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View details of Donut Lab's funding rounds and investors

Donut Lab's employee count trend

Donut Lab has 49 employees as of Sep 26. Here is Donut Lab's employee count trend over the years:

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Top competitors of Donut Lab include TSUYO, Vitesco Technologies and Matel. Here is the list of Top 10 competitors of Donut Lab, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	TSUYO 2020, Delhi (India), Seed	Platform offering motors for multi-category electric-three wheelers	$4.5M	Ramkrishna Forgings, Avaana Capital Advisors ... & 3 others	64/100
2nd	Vitesco Technologies 2018, Hannover (Germany), Acquired	Developer of powertrain system for multi-category vehicles	-	Economy And Finance, Europa & 1 others	62/100
3rd	Matel 2016, Pune (India), Series B	Manufacturer of electric vehicle powertrains and high-efficiency synchronous industrial motors	$17.6M	Transition VC, UC Impower & 5 others	55/100
4th	Electra EV 2017, Pune (India), Series B	Manufacturer of electric vehicle powertrains, battery systems, and energy storage	$25M	GEF Capital Partners & 3 others	53/100
5th	Hexagon Purus 2018, Alesund (Norway), Public	Provider of systems and solutions for clean transportation and energy applications	-	Colinas AS, Mitsui & 4 others	51/100
6th	IRP Systems 2015, Ness Ziona (Israel), Series C	Provider of software-defined electric powertrain system for micro mobility	$57M	Fosun RZ Capital, Clal Insurance & 12 others	51/100
7th	Donut Lab 2010, Espoo (Finland), Seed	Developer of in-wheel electric motor platform	$29.3M	-	49/100
8th	Scalvy 2022, Mountain View (United States), Series A	Developer of powertrain system for multiple cateories of electric vehicles	$16.9M	Climate Capital, Alchemist Accelerator & 3 others	49/100
9th	InfiMotion 2021, Wuxi (China), Series A	Manufacturer of powertrain systems for electric vehicles	-	China Structural Reform Fund, China Merchants ... & 2 others	48/100
10th	BNC Motors 2020, Coimbatore (India), Series A	Manufacturer of electric two-wheeled vehicles, batteries, and related electronic components	$8.66M	Musashi Seimitsu Industry, Lyman Lakes & 24 others	48/100