Donut Lab - About the company
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 77 active competitors, including 15 funded and 7 that have exited. Its top competitors include companies like TSUYO, IRP Systems and Hexagon Purus.
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
Investors
Ranked
13th among 77 active competitors
Investment & Acquisitions
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Donut Lab's funding and investors
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 | 9575945 | Seed | 2269869 | 9713362 | 1990682 | 1222391 |
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Donut Lab's Competitors and alternates
Top competitors of Donut Lab include TSUYO, IRP Systems and Hexagon Purus. Here is the list of Top 10 competitors of Donut Lab, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Platform offering motors for multi-category electric-three wheelers | $4.5M | 62/100 | ||
2nd |  IRP Systems 2015, Ness Ziona (Israel), Series C | Provider of software-defined electric powertrain system for micro mobility | $57M | 62/100 | |
3rd |  Hexagon Purus 2018, Alesund (Norway), Public | Provider of high-pressure cylinders and systems for hydrogen and battery applications | - | 57/100 | |
4th |  Vitesco Technologies 2018, Hannover (Germany), Acquired | Developer of powertrain system for multi-category vehicles | - | 56/100 | |
5th |  Equipmake 2002, Snetterton (United Kingdom), Public | Design and development of electronic equipment services | - | 55/100 | |
6th | Electra EV 2017, Pune (India), Series B | Developer of electric vehicle powertrain solutions, battery systems, and control systems | $25M | 52/100 | |
7th | MATEL Motion and Energy Solutions 2017, Pune (India), Series A | Manufacturer of electric vehicle powertrains and high-efficiency motors for industrial use | $4M | 51/100 | |
8th |  Volektra 2020, Sacramento (United States), Seed | Developer of electric drivetrain systems and modular EV platforms | - | 48/100 | |
9th |  Virya Mobility 2017, Bengaluru (India), Unfunded | Developer of multi-category powertrain system for electric vehicles | - | - | 44/100 |
10th |  InfiMotion 2021, Wuxi (China), Series A | Manufacturer of powertrain systems for electric vehicles | - | 44/100 | |
13th | Developer of in-wheel electric motor platform | $29.3M | - | 43/100 |
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Donut Lab's Investments and acquisitions
Donut Lab has a total of 1 investment in Nordic Nano. Donut Lab has not made any acquisitions as of now.Reports related to Donut Lab
Here is the latest report on Donut Lab's sector:
News related to Donut Lab
Filter this listMedia has covered Donut Lab for a total of 18 events in the last 1 year, 8 of them have been about company updates and 2 about partnerships.
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Donut Battery test demonstrates safety of the battery cell even when damagedRenewable Energy Magazine•Mar 23, 2026•Donut Lab
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Donut Lab's Ultra-Fast Charging Battery Tested in Verge MotorcycleElectric Cars Report•Mar 17, 2026•Donut Lab
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Doubts Over "Miracle Battery": Solid-State Batteries Ready For Mass Production in 2026?Notebookcheck Publishing GmbH•Feb 18, 2026•Donut Lab
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Donut Lab Claims Solid-State Battery Breakthrough, Faces Expert ScrutinyInsideEVs•Jan 23, 2026•Donut Lab
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Donut Lab Unveils First Production All-Solid-State Battery with 5-Minute ChargingInsideEVs•Jan 05, 2026•Donut Lab
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Donut Lab & Watt Electric Vehicles Partner on Lightweight, In-Wheel Motor EV PlatformRenewable Energy Magazine•Dec 16, 2025•Watt Electric Vehicle, Donut Lab
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Donut Labs Secures $22M to Automate DeFi Trading with AI Browserbitcoinethereumnews.com•Nov 04, 2025•Donutbrowser.ai, Donut Lab, BITKRAFT Ventures, Makers Fund and 3 others
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Crypto Donut Labs Secures $15M Seed Funding for AI Crypto Trading Browserbitcoinethereumnews.com•Nov 04, 2025•Donut Lab, Huntington Study Group, BITKRAFT Ventures, Makers Fund and 7 others
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