Following a successful launch of its five-motor line-up at the Consumer Electronics Show (CES) in Las Vegas in January, the company has completed its seed funding round with €25 million raised.

A number of senior appointments have been made internationally, bringing further breadth to the executive board and broader team.

Serial tech investor Risto Siilasmaa joins the Board of Directors, having previously served as Chairman of Nokia and established several tech companies including successful cybersecurity firms WithSecure and F-Secure. 

International engineering and commercial teams have been bolstered with new appointments including Neil Patterson, Vice President of Engineering Programmes (formerly of McLaren, Lotus, and Aston Martin) and Craig Williams, Vice President of Business Development (formerly of BMW and Rivian), and others. A further personnel announcement will be made this summer with full details of new members to the growing international team.

As part of its international expansion, an R&D facility has been established in the UK – in Chippenham, Kent. The UK team, in partnership with colleagues in Helsinki and Tallin, is working to further progress what is already the world’s lightest and most efficient full stack EV motor family, with advanced volume manufacturing now underway. The systems are designed for versatile use across land, sea, and air vehicles, serving automotive, aerospace, robotics, marine, and defence sectors – from compact scooters to drones to heavy-duty trucks and beyond.

Work continues on pushing the boundaries of this technology, starting with the Donut Platform, where every component works together seamlessly, delivering unmatched efficiency, control, and performance. The modular platform encompasses essential components such as battery modules, computer units, and vehicle control software, with much more to come from the international R&D team in 2025.

A hugely successful launch of the expanded motor family at CES 2025 supported a 30-fold increase in demand for Donut Lab technologies. The company can now confirm more than ten commercial contracts with OEMs across a range of industries have been signed, for full stack EV integration through adopting Donut Lab motor and platform technologies.

The company will be back at the Las Vegas show in January 2026, continuing to grow its footprint and presence at the world’s foremost technology expo. Next year will see a comprehensive business and brand showcase, encompassing demonstrations of its EV applications at work, new technological breakthroughs and new partners exhibiting their solutions across land-, sea- and air-borne vehicles.

Marko Lehtimaki, CEO, said: “The continued growth in demand, international expansion and interest in our business – from customers, investors and new recruits alike – demonstrates to us founders what we have always believed, that our tech solution is truly groundbreaking. The performance, robustness, versatility and relative low cost of entry of our products really is a winning formula. I cannot wait to showcase the latest applications and introduce new business divisions and partners of our growing group in the coming weeks and months.”

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