Donut Lab key facts
- Developer of a solid-state battery designed for scalable electric-vehicle manufacturing.
- It has raised $45.4M across 1 recorded rounds; the latest was Venture Round ($15.8M) in Feb 2025.
- Notable investors include Risto Siilasmaa, Aboa Advest, First Fellow Partners.
- Status: Privately Held (backing).
Donut Lab leadership
- Marko LehtimäkiCEO
- Jarkko AroChief Industrialization Officer
- Bela BhuskuteChief Scientist
- Esa ParjanenHead of Business Development
Who backs Donut Lab
3- ·Watch Donut Lab: the Monday email on marks, rounds and moves
Donut Lab funding rounds
1 roundsHow much has Donut Lab raised?
Donut Lab has raised $45.4 million in total; 1 of its rounds is on record. The largest on record was a $15.8 million venture round round in Feb 2025.
Donut Lab investors
3 investors are on record for Donut Lab, including Risto Siilasmaa, Aboa Advest and First Fellow Partners.
Who runs Donut Lab
5 people are listed on the Donut Lab team: 4 executives and 1 advisor or observer, including Marko Lehtimäki (CEO) and Bela Bhuskute (Chief Scientist).
About Donut Lab
Developer of a solid-state battery designed for scalable electric-vehicle manufacturing. The company integrates all-solid-state battery technology, along with in-wheel motors delivering higher torque and reduced weight, unified control hardware and software, modular aluminium architectures, and compatibility across vehicle and industrial applications, enabling electric vehicle manufacturers and industrial equipment developers to reduce system integration complexity and accelerate deployment of lightweight high-performance electric platforms.
- Industry
- Transportation
- Sector
- Business Products and Services (B2B)
- HQ
- Helsinki, Finland
- Founded
- 2022
- Employees
- 46
- Website
- donutlab.com/
- Ownership
- Privately Held (backing)
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Donut Lab doesn't have a valuation on record yet — one is published once a priced round, a reported valuation, fund marks, or secondary prints surface in our sources. The rest of the record below builds toward it.