Nordic Nano will join the Donut Lab-led international tech cluster group for e-mobility
Donut Lab, an e-mobility tech specialist based in Helsinki, has expanded its innovative offering with a strategic investment in Nordic Nano Group
Nordic Nano Group develop environmentally friendly nanotechnology solutions for solar energy, energy storage, and hydrogen production, joins Cova Power, a smart-trailer joint venture with Aloha Group, in the Donut Lab-led international tech cluster for electric transportation.
Marko Lehtimäki, CEO and founding partner of Donut Lab, 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, aiming to revolutionise the speed and performance of electric vehicles on land, sea, and in the air.
Uniting Donut Lab and Nordic Nano is electric innovation and advanced performance. Donut Lab's cluster thinking envisions the future of electric mobility as a network of interconnected, mutually supportive technologies, and Nordic Nano's solutions support this vision.
Ville Piipo, CTO of Donut Lab, said, “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 are often dependent on rare earth elements and environmentally harmful materials. Nordic Nano's sustainable solutions provide an environmentally friendly alternative with enhanced performance and availability. The company is investing in product development, research, testing, and strategic partnerships to bring scalable, responsible energy solutions to market.
Esa Parjanen, CEO of Nordic Nano, 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.”
