Verte Auto

What Verte Auto does

Verte Auto SIA is the authorized Škoda dealer for Latvia, operating from a single showroom and service center in the Mežciems district of Riga (Biķernieku iela 125). Founded in 2019 as a subsidiary of Estonian conglomerate TKM Group AS (with ultimate parent NG Investeeringud), the company has held the franchise for six consecutive years and sells the full Škoda lineup — Octavia, Kodiaq, Enyaq, Karoq, Kamiq, Elroq, Superb, Scala, and Fabia — alongside the newly launched Epiq and Peaq electric models. It also retails used Škoda and other-brand vehicles through a dedicated department.

The company monetizes across five revenue streams: new vehicle sales, used vehicle sales, after-sales service (including the Serviss 4+ post-warranty program), original parts and accessories, and facilitation of leasing and insurance products. The after-sales operation includes an in-house bodywork shop that integrates with all major Latvian insurers (Balta, IF, BTA, Gjensidige, Swedbank, Compensa, ERGO, BAN) to capture KASKO/OCTA accident repair flows, plus a 24/7 mobility guarantee covering Latvia. Underlying technology consists of Škoda-certified diagnostic and repair tooling; the company has no proprietary software stack, API surface, or AI/ML capabilities.

Verte Auto serves two primary customer segments. The retail consumer segment purchases new and used Škoda vehicles with bundled financing, insurance, and service packages. The corporate fleet segment — managed by dedicated account managers — procures vehicles under fleet and leasing arrangements, with documented repeat customers in construction (Mapri Būve, SIA Binders, GPU Nākotne, SIA ARČERS, LVS Building), peat production (SIA FLORABALT), leasing services (Greenlease), and agriculture/forestry (SIA INTRAC Latvija). Go-to-market is enterprise field sales for B2B combined with showroom-led consumer sales; marketing runs through the company website, Facebook, Instagram, YouTube, LinkedIn, event participation (Auto 2026, Traktordiena 2026), and a 2025 sponsorship of the Latvian Cycling Federation.

Name

Verte Auto

Legal name

SIA "VERTE AUTO"

Website

https://verteauto.lv

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Verte Auto is the official Škoda dealer in Latvia, operating a single Riga showroom and service center. It sells new and used Škoda vehicles and provides authorized maintenance, bodywork repair, parts, leasing, and insurance services to individual consumers and corporate fleet customers.

Ownership category

akta.pro rank

Product category

Automotive Dealership

NAICS

Used Car Dealers (441120)

SIC

Wholesale-Motor Vehicle Supplies & New Parts (5013)

akta.pro primary industry

Vehicle Extended Warranty (VSC) & Mechanical Breakdown Insurance (MBI) (FSAJALAA)

akta.pro secondary industry

Exhaust & Emissions/Smog Testing & Repair (TLAKAAAI)

Keywords

• Automotive dealership
• Vehicle sales
• Car servicing
• Fleet management
• Auto financing

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. New Vehicle Sales: Sale of new Škoda vehicles including Octavia, Kodiaq, Enyaq, Karoq, Kamiq, Elroq, Superb, Scala, and Fabia models
2. Used Vehicle Sales: Sale of pre-owned Škoda and other brand vehicles through dedicated used car department
3. After-sales Service: Vehicle maintenance, repairs, and diagnostics services for Škoda and other brands, including the Serviss 4+ post-warranty program
4. Parts and Accessories: Sale of original Škoda parts and accessories
5. Financing and Insurance: Facilitation of vehicle leasing and insurance products through partnered financial institutions

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Verte Auto is an official authorized Škoda dealer operating from a single showroom and service facility in Riga, Latvia. It sells the full Škoda new-vehicle lineup (including the newly launched Peaq and Epiq EVs), certified pre-owned Škoda and other-brand used vehicles, original Škoda parts and accessories, and delivers a full after-sales stack covering authorized maintenance, the Serviss 4+ post-warranty service program, bodywork and collision repair, vehicle leasing, and insurance product facilitation.

Product overview

Verte Auto is an official Škoda dealership in Riga, Latvia, operating for 6 years as part of the Tallinna Kaubamaja Grupp/TKM Group AS. The company offers a comprehensive automotive portfolio structured around Škoda vehicle sales (9 Škoda models: Octavia, Kodiaq, Enyaq, Karoq, Kamiq, Elroq, Superb, Scala, Fabia, plus the newly launched Peaq and Epiq electric models) alongside a full suite of after-sales services including authorized maintenance, a dedicated post-warranty Serviss 4+ program, spare parts and accessories, bodywork repair, and integrated leasing and insurance solutions. The company also sells used vehicles (Škoda and other brands) and provides 24/7 roadside assistance across Latvia.

Differentiator

Problem solved

Functional benefit

Products and services

• New Škoda Vehicles (Octavia, Kodiaq, Enyaq, Karoq, Kamiq, Elroq, Superb, Scala, Fabia) Official Škoda new vehicles sold through the Riga showroom, spanning sedans, estates, and SUVs across multiple powertrains (petrol, diesel, plug-in hybrid, and full EV). Available to both individual consumers and corporate fleet buyers.
• Škoda Peaq Škoda's flagship fully electric large SUV with 7-seat configuration, dual-motor AWD option, and the first Škoda to feature a vertical 13.6-inch display. Sold through Verte Auto's Riga showroom.
• Škoda Epiq Škoda's most affordable fully electric compact crossover, built on the MEB+ platform with front-wheel drive, up to 440 km range, fast charging in ~24 minutes, and bidirectional charging. Sold through Verte Auto's Riga showroom.
• Used Vehicles (Mazlietoti auto) Certified pre-owned Škoda and other-brand vehicles, including the Škoda Approved Used Cars program with quality inspections. Vehicles undergo inspection before sale and are available for trade-in purchase from customers.
• Vehicle Service (Auto serviss) Škoda-authorized maintenance and repair services for Škoda vehicles, also serving other brands. Covers regular maintenance, mechanical and electrical repairs, and diagnostics. Includes a 49-point technical inspection and tire change service.
• Serviss 4+ (Post-Warranty Service) Specialized post-warranty servicing program for Škoda and other-brand vehicles older than 4 years, offering discounted parts and labour while maintaining manufacturer quality standards. Available at Verte Auto's service center in Riga.
• Bodywork Repair (Virsbūves remonts) Auto body repair services including collision damage repair, rust treatment, and painting. Operated from one of the most modern bodywork shops in the Baltics with direct collaboration with all major Latvian insurance companies (Balta, IF, BTA, Gjensidige, Swedbank, Compensa, ERGO, BAN) for KASKO and OCTA-covered repairs.
• Spare Parts and Accessories Genuine Škoda spare parts and accessories, available for purchase separately from vehicle servicing through an online parts search tool.
• Leasing and Insurance Facilitation Vehicle financing solutions including financial and operational leasing, plus insurance products (mandatory OCTA and voluntary KASKO), facilitated through leading Latvian leasing companies and insurers, with a dedicated in-house finance and insurance specialist.
• 24/7 Mobility Guarantee (Roadside Assistance) Roadside assistance and mobility guarantee service available 24/7 throughout Latvia, providing emergency support to customers via a dedicated hotline (+371 67 221 212).

Named customers9 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered notable and core.

• Latvijas Riteņbraukšanas federācija (Latvian Cycling Federation)notableGTM or Marketing Partner · 24 March 2025Verte Auto became the official auto partner of the Latvian Cycling Federation. Provided Škoda Kamiq and Octavia Combi vehicles for federation operations, team transportation, and events. One of Verte Auto's most significant sports sponsorship initiatives.
• TKM Group AScoreStrategic or Co-development PartnerParent company of Verte Auto SIA. Verte Auto operates as a subsidiary of TKM Group AS and follows the Group's Code of Conduct. The Group emphasizes principles of honesty, care, reliability, innovation, and environmental awareness in daily operations.
• NG InvesteeringudcoreStrategic or Co-development PartnerParent group's parent company whose Environmental Policy Verte Auto adheres to. The environmental policy focuses on energy efficiency, responsible resource use, circular economy principles, waste reduction, and development of eco-friendly transport solutions.
• Škoda AutocoreChannel Partner/ Reseller/ DistributorOfficial Škoda dealer in Latvia representing the Czech automotive manufacturer. Authorized to sell new Škoda vehicles, provide certified service, and use Škoda branding, tooling, and support.
• Major Insurance Companies (Balta, IF, BTA, Gjensidige, Swedbank, Compensa, ERGO, BAN)notableStrategic or Co-development PartnerCollaboration with all major Latvian insurance providers for seamless accident repair coordination. Customers can choose Verte Auto workshop for insurance-covered repairs under KASKO and OCTA policies.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Lithia Motors: One of the largest automotive retail groups globally, operating franchised dealerships across multiple brands. Comparable as an established multi-brand automotive retail incumbent, though operating primarily in North America and at much greater scale.
• Inchcape plc: Global automotive distribution and retail group operating across multiple markets and brands. Comparable as a large, established automotive distribution incumbent, though operating at significantly broader scale and geographic footprint than Verte Auto.

Emerging players

• CarVertical: Baltic-based (Lithuania-headquartered) vehicle history and automotive data platform operating across Europe. Comparable as an emerging technology player in the regional automotive ecosystem, providing transparency services that interact with dealer and used-car processes.
• Auto1 Group SE: European online used-car platform operating across multiple markets including the Baltic region. Comparable as an emerging technology-enabled used-car sales channel that increasingly competes with traditional dealer-based used-vehicle operations.
• Carmarket.lv: Latvian online used-car marketplace connecting private and dealer sellers with buyers. Comparable as an emerging alternative channel for used-car sales in Latvia that competes with traditional dealer-based used vehicle retailing.

Others

• Balta (PZU Group): Leading Latvian insurance company and one of Verte Auto's KASKO/OCTA accident repair partners. Comparable as an ecosystem participant that channels insured accident repair volume into Verte Auto's body shop and service operations.
• SEB banka: Major Latvian universal bank and one of Verte Auto's financing/leasing partners. Comparable as an ecosystem participant that enables the financing portion of Verte Auto's vehicle sales and fleet contracts.

Direct peers

• Møller Auto Baltic: Authorized Škoda and multi-brand automotive retail group operating in Latvia and the Baltic states under Møller Mobility Group. Directly comparable as a competing authorized Škoda dealer network serving the same Latvian market with parallel sales, service, and fleet capabilities.
• Volkswagen Centrs Rīga: Authorized Volkswagen dealer in Latvia, a sister brand to Škoda under VW Group. Directly comparable as an authorized franchised car dealership with the same OEM-aligned business model, sales process, and service structure in the same country.
• Porsche Centrs Rīga: Authorized Porsche dealer in Latvia, a sister brand to Škoda within the Volkswagen Group. Comparable as a premium-tier authorized new-car dealership operating under the same OEM franchise framework in the Latvian market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCg8_V5wqnd4lL-G5MMaTq9A
• Facebookfacebook.com/verteauto.lv
• LinkedInlinkedin.com/company/verteautolv
• Instagraminstagram.com/verteauto_skoda_mezciems

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Verte Auto