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Donut Lab competitors & alternatives
The 7 closest competitors and alternatives to Donut Lab among electrical equipment companies — ranked by similarity to what Donut Lab actually does, not by market-cap band.
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About 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.
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 →
Top 7 Donut Lab competitors
Ranked by semantic similarity — how close each company is to Donut Lab by what it does, using Xcout's live company graph. Click any company for its full profile, or its competitor set.
Similar electrical equipment company
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.
Similar electrical equipment company
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.
Similar electrical equipment company
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.
Electric Bicycle Components
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.
Recreational Vehicles & Outdoor Equipment
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.
Home Network Monitoring
Veego OÜ is a portal operator and platform provider located in Tallinn, Estonia, operating an online platform for buying and selling vehicles.
Automobiles & Components
Globally, Vmoto Limited and its associated companies are involved in the manufacturing and distribution of electric two-wheeled transport. Their diverse product range encompasses electric mopeds and motorcycles, primarily offered to consumers under the Vmoto, Super Soco, and E-Max brand identities. This enterprise was founded in 2001 and operates from its headquarters in Perth, Australia.
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