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Donut Lab
Donut Lab OÜ is a Finnish technology company, with its headquarters in Estonia. Founded in 2024, Donut Lab is owned by the Finnish companies Donut Group Oy (50%) and Donut Holding Oy (50%). Donut Lab was spun off from the Finnish company Verge Motorcycles to promote its wheel hub motors.
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Donut Lab at a glance
Donut Lab is an electrical equipment company headquartered in Estonia, founded in 2024. Its most recent funding round, Seed, raised $25M in July 2025. Xcout tracks 1 named person at Donut Lab, including Marko Lehtimaki (CEO).
Donut Lab leadership
- Marko LehtimakiCEO
Donut Lab funding rounds
Every round on record:
| Date | Round | Amount | Investors |
|---|---|---|---|
| Seed | $25M | — |
Who invested in each round, lead investors, valuations and the co-investor graph — open the full funding history →
Donut Lab competitors
A few of Donut Lab's closest competitors — see the full list of competitors and alternatives →
Vensum Power is a power conversion technology company founded in 2018. The company is headquartered in Espoo, Finland, and specializes in disrupting power conversion through new innovations.
Advanced Electric Machines Limited is a sustainable electric motor technology company founded in 2017 and headquartered in Washington, England, following a spin-out from Newcastle University.
Safegrid Oy is a Finland-based company headquartered in Espoo with R&D and production facilities in Turku, specializing in locating, predicting, and preventing power grid faults.
Grin Technologies is a Canadian company that specializes in the design and sale of electric bicycle conversion kits, hub motors, batteries, and electronic control systems.
BeTriton (formerly Z-Triton) is a sustainable travel company founded in 2018 and headquartered in Valmiera, Latvia. The company manufactures 100% electric recreational vehicles, notably combining a bicycle, boat, and camper into an innovative amphibious eTrailer.
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More on Donut Lab in Xcout Intel
- 1 named person with titles, LinkedIn and board committees
- 1 funding round with the investors in each, and who they co-invest with
- The full competitor set, tracking, exports and API access