Finnish startup raises EUR 25 million to carry a “donut” engine in EV wheels

The Finnish startup Donut Lab has secured in seed financing in the amount of EUR 25 million in order to scale its in-Wheel hub engines for electrical land, sea and aircraft.

In addition to the investment, Donut Lab opens a F&E center in Chippenham, Great Britain. Risto Siilasmaa, series -tech investor and former chairman of Nokia, also joined the company's board.

Marko Lehtimaki, CEO and co -founder of Donut Lab, said that the investment signals a continued demand for the company's technology. “It shows us [founders] What we always believed that our technical solution is really groundbreaking, ”he said.

Donut's flagship innovation is a large Hub -Hub -Motor, which you guessed, the “donut”. Instead of sitting under the bonnet or seat, the engine hits directly into the bike edge. This means that the car does not require any parts such as axes, transmissions or differentials, which could make it easier and cheaper compared to conventional electric vehicles.

Verge Motorcycles first developed the hollow, rear hub motion design and Installed it in a motorcycle. Donut Labs was expressed as a subsidiary in 2024 to apply the same concept to all types of electric vehicles from e-scooters and drones to electric cars and semi-knights.

The 21-inch version for Cars delivers 630 kW of electricity and 4,300 Nm torque numbers, which can usually be seen in hypercars, but only 40 kg. Donut claims that it offers the highest torque and the power density of an EV engine on the market.

The company says it has overcome the long-time Achilles fleet of in-Wheel engines: Unraid trade fair – The weight of the components, which are not supported by the suspension and can affect handling and driving comfort. Past attempts to put the engine in the bike impaired these properties, but Donut says that his design is light enough that the effect is negligible.

Beyond the engines, Donut also develops batteries, software and computer connectivity as part of its plans to become a one-stop shop for EV manufacturers. It also aims at a wide range of applications outside the traditional auto industry, including aerospace, defense and robotics.

The scaling of land, sea and aircraft and aircraft-batteries, software and EV systems are also a strong task even for in-depth companies. Let's see if Donut Lab has what it takes to deduct his ambitious plans.

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