- Partnership to focus on nano-tech solutions for solar energy, storage and hydrogen production
- Investment accelerates development of sustainable battery technology and strengthens Donut Lab’s role in automotive electrification
- Further expands the Donut Lab-led ‘Nordic Tech Cluster’ for electric transportation following launch last week of Cova Power, the smart trailer joint venture with Ahola Group
- Donut Lab CEO Marko Lehtimäki joins Nordic Nano Board of Directors
Donut Lab, 22 October 2025 –
Helsinki-based e-mobility tech pioneer, Donut Lab, continues to expand its innovative offering with a significant strategic investment in sustainable leader Nordic Nano Group.
Nordic Nano Group develops environmentally friendly nanotechnology solutions for solar energy, energy storage and hydrogen production, and now becomes part of the Donut Lab-led international tech cluster for electric transportation, which already includes Cova Power – the recently launched smart trailer joint venture with Ahola Group. Donut Lab founding partner and CEO Marko Lehtimäki will join Nordic Nano’s board of directors.
He said: “As a long-standing backer of Nordic Nano, this significant new strategic investment will further deepen our cooperation and accelerate the scaling of Nordic Nano’s operations. The potential of the company’s unique technology solutions in international markets is tremendous. We are excited by the strong expertise and technology within Nordic Nano and the contribution it will make to the next steps in developing our own product strategy in electrified mobility and in particular innovative and sustainable battery technology.”
Donut Lab develops and manufactures a modular technology platform with the goal of revolutionizing the speed and performance of electric vehicles on land, sea and in the air. The company attracted the attention of major vehicle manufacturers in January after launching the world’s most high-performance electric motor product line at the CES trade show in Las Vegas.
Sustainable energy without compromise
Electric innovations and cutting-edge performance unite Donut Lab and Nordic Nano. Donut Lab’s cluster thinking sees the future of electric mobility as a network of interconnected, mutually supportive technologies – and Nordic Nano’s solutions concretely support this vision. Nordic Nano focuses in particular on solar energy, energy storage and hydrogen technologies, the global demand for which has grown exponentially as the clean transition progresses.
Donut Lab CTO Ville Piipo, adds: “For a decade, the energy industry has been trying to develop smarter ways to collect solar energy and store large amounts of energy more affordably without rare earth metals or expensive production processes. The majority of these projects have failed due to too many compromises on important features or because the technologies have not worked outside the laboratory. Nordic Nano’s advanced technology has been proven to work in practice, and the company has a clear plan for scaling production sustainably. These significant competitive advantages sealed our decision to invest in the company, with which we share the same vision of building a more sustainable future.”
Traditional energy technologies often rely on rare earth elements and environmentally harmful materials. Nordic Nano’s sustainable solutions offer industry players an environmentally friendly alternative that stands out with its exceptional performance and availability. The company is currently investing heavily in product development, research, testing and strategic partnerships to bring scalable and responsible energy solutions to the market.
Nordic Nano CEO Esa Parjanen, said: “Nanotechnology has significant potential in the global market. This new investment and strong collaboration with Donut Lab will accelerate the development of our battery technology and support our goal of creating advanced, sustainable solutions. We are pleased to have Marko Lehtimäki join our board and Donut Lab as an investor in our company.”
