<ul data-eligibleForWebStory="false"><li>Helsinki-based e-mobility tech innovator Donut Lab raises €25 million in Seed funding round and appoints Risto Siilasmaa to the Board of Directors.</li><li>Donut Lab, founded in 2024, provides components for electric vehicles and aims to make manufacturing quick and economical.</li><li>Their Donut Motor is an in-wheel motor designed for land, sea, and air vehicles, with a 30-fold increase in demand after launching at CES 2025.</li><li>The company has signed over ten commercial contracts for EV integration and expanded its team with industry experts, with plans for a comprehensive business showcase next year.</li></ul>

Finnish EV development platform Donut Lab raises €25 million for their solution for land, sea and air-borne vehicles

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