Radar · Auto in Latvia
Best Auto Companies in Latvia
The 43 best Auto companies in Latvia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Eleving.
By Riya SenguptaFinancials
43companies tracked
$26.3Mdisclosed funding
0unicorns
1have raised
Sources & further reading
- Auto-Encoding Variational Bayes
- Middle-income consumers turning more toward used cars, survey finds
- Auto industry sales satisfaction declines for the first time in eight
FLIAR INTELLIGENCE · AUTO × LATVIA
Our analysis of 256 Auto companies
$29.3b in tracked funding; 77% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2021.
256companies analysed
77%cloud-native stacks
2021funding peak (by rounds)
16unicorns
2015median founding year
Ranked: Best Auto companies in Latvia
| # | Company | Disclosed funding | Revenue | Employees | Net margin | Founded | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Inchcape Offering distribution, retail, and services solutions to the automotive industry | — | $132M FY2022 | 214 | +3% | 2005 | BootstrapAzureMicrosoft Clarity+13 | — |
| 2 | Trodo Online retailer of automotive parts & accessories | — | $72M FY2024 | 173 173 → 152 (-12%) | — | 1862 | Cart FunctionalityPHPBootstrap+14 | 2 job openings · 1 award |
| 3 | Volvo Trucks Dealer and manufacturer of trucks | — | $67M FY2022 | 97 | +5% | 1996 | Adobe Experience ManagerJavaVideoJS+13 | — |
| 4 | VERTE AUTO Provider of car dealership services | — | $31M FY2023 | 43 | +1% | 2019 | PHPGoogle MapsLaravel+17 | — |
| 5 | Autobrava Car dealership offering new and used cars | — | $27M FY2022 | 54 | +3% | 2010 | WordPressMySQLPHP+23 | — |
| 6 | Autoterm Provider of diesel-powered liquid heaters for all types of vehicles | — | $20M FY2023 | 36 | +8% | 2012 | October CMSPHPLaravel+15 | — |
| 7 | Pro Mehanika Company specializing in the distribution of bearings and related products | — | $12M FY2022 | 91 | +7% | 1933 | Cart FunctionalityDrupalPHP+10 | — |
| 8 | Eleving Online platform for car and motorcycle financing | $26M | $9M FY2024 | 2,600 | — | 2012 | WordPressMySQLPHP+17 | 1 job opening |
| 9 | Metsatek Manufacturer of timber truck superstructures, specializing in full-cycle project implementations | — | $9M FY2023 | 43 | +6% | 2007 | WordPressMySQLPHP+27 | — |
| 10 | Inkomerc Holding Company that provides a range of products and services, including trading equipment, electronic seals, and… | — | $4M FY2022 | 35 | +28% | — | — | — |
| 11 | Autonams Manufacturer and distributor of vehicle security products | — | $3M FY2019 | 37 | +6% | 1994 | BootstrapNginxOpenResty+10 | — |
| 12 | AUTAVA Provider of car body production and conversion services for various purposes | — | $3M FY2022 | 21 | +23% | 2000 | — | — |
| 13 | Kurbads Provider of trucks repairing services | — | $3M FY2022 | 34 | +6% | 1997 | — | — |
| 14 | Watu Provider of car rental services | — | $2M FY2022 | 22 | -38% | — | Animate.cssBootstrapGoogle Font API+10 | — |
| 15 | HGK Motorsport Provider of spare parts for cars | — | $2M FY2024 | 11 | — | 2020 | Cart FunctionalityShopifyYouTube+11 | — |
| 16 | JJK Auto Company providing automotive repair and maintenance services | — | $2M FY2022 | 1 | +7% | 1986 | — | — |
| 17 | Ekspress Serviss Provider of car workshop services, including car tow truck service | — | $2M FY2023 | 54 | +6% | 1998 | — | — |
| 18 | Autospils Provider of auto repair and maintenance services with a focus on oil changes, tire services, and welding | — | $1M FY2023 | 13 | +0% | — | WordPressMySQLPHP+21 | — |
| 19 | Amit Dealership management solutions for automotive dealerships | — | $1M FY2023 | 7 | +14% | 2006 | — | — |
| 20 | TRONIK Provider of brake tuning systems design services | — | $1M FY2022 | 3 | — | 2018 | Cart FunctionalityWooCommerceWordPress+44 | — |
| 21 | Proring Provider of automotive maintenance services | — | $1M FY2023 | 25 | +17% | — | BreakdanceWordPressMySQL+18 | — |
| 22 | PureFlow AirDog Provider of innovative diesel fuel air separation systems and fuel delivery solutions for various vehicles. | — | $777K FY2019 | 10 | +3% | 2009 | Web Shop ManagerCart FunctionalitySentry+23 | — |
| 23 | AutoElektronika Provider of auto security systems and diagnostic equipment | — | $694K FY2023 | 5 | +5% | — | DudaCart FunctionalityEcwid+21 | — |
| 24 | ZEMGALI Provider of car accessories and automotive service equipment | — | $546K FY2022 | 4 | +0% | 2016 | Cart FunctionalityWooCommerceWordPress+18 | — |
| 25 | Sadales tikls Provider of automotive consulting services | — | $374K FY2023 | 1,659 | +5% | 2007 | October CMSPHPChart.js+15 | — |
| 26 | Jpmotorsllc | — | $292K FY2022 | 10 | +2% | — | WordPressMySQLPHP+20 | — |
| 27 | AutoCentrs 1A Car repair and maintenance services provider offering a range of services including engine repair, car… | — | $283K FY2023 | 6 | +1% | — | LiteSpeedjQueryGoogle Analytics+2 | — |
Top 2 Auto companies in Latvia
#1
Public · Riga, Riga · founded 2012 · 2600 employees$26.3Mraised▾
Public · Riga, Riga · founded 2012 · 2600 employees
Online platform for car and motorcycle financing. It offers motorcycle taxi loans, car title loans, rent-to-buy auto loans, and more. It also provides an auto leasing solution that enables users to purchase cars and pay in monthly installments.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 13k LinkedIn followers — 64.1% of this cohort's audience
Hiring: 1 hiring post in 12 mo (public)
Founders & team
Investors
Mezzanine Management, ACP Credit
Tech stack
Animate.CssAzureCookiebotCore-JsFacebook PixelGoogle Analytics
#2
Funding Raised · Riga, Riga · founded 2007 · 1659 employees—raised▾
Funding Raised · Riga, Riga · founded 2007 · 1659 employees
Provider of automotive consulting services
Investors
European Union
Tech stack
Backbone.JsBootstrapCdnjsChart.JsCkeditorCloudflare
Funding & investor landscape
$26.3Mtotal disclosed funding
1companies funded
0disclosed rounds
0rounds last 90 days
Most active investors
Prism market signals · Latvia · country-scoped Prism corpus, 461,503 docs
Market landscape — 10 sub-themes by coverage
Share of Auto coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
RESEARCH SIGNALS · Latvia
How research on Autonomous Vehicles is moving in Latvia
A read on the academic research around Autonomous Vehicles — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 11 Latvia-affiliated papers.
top research entities
- Ministry of Agriculture3
- Institute of Mathematics and Computer Science3
- Institute of Electronics and Computer Science2
- Riga Technical University2
- Latvia University of Life Sciences and Technologies1
leading researchers
Jinrui Zhou · Maksims Ivanovs · Kaspars Ozols · Artis Dobrajs · Roberts Kadiķis · Liang Sun · Qiaolong Wang · ZiYang Kong
▲
Breakthroughs2 · 18%
0%→0% share
2 median citations100% since 2021mostly methods-led
Breakthroughs are cooling (0%→0% of field), led by Adaptability.
rising sub-themes (early→recent)
- Adaptability1
- Stability (learning theory)1
- Controller (irrigation)1
- Field (mathematics)1
- Kalman filter1
Landmark A Distributed Time-of-Flight Sensor System for Autonomous Vehicles: Architecture, Sensor Fusion, and Spiking Neural Netw · 4 cites
◆
Advancements1 · 9%
0%→0% share
0 median citations100% since 2021mostly methods-led
Advancements are cooling (0%→0% of field), led by Embedding.
rising sub-themes (early→recent)
- Embedding1
- Control system1
- Automotive engineering1
- Control engineering1
- Electrical engineering1
▼
Concerns6 · 55%
0%→0% share
0 median citations100% since 2021mostly empirical
Concerns are cooling (0%→0% of field), led by Transport engineering.
rising sub-themes (early→recent)
- Transport engineering2
- Automotive industry2
- Self driving1
- Segmentation1
- Computer vision1
Landmark Improving Semantic Segmentation of Urban Scenes for Self-Driving Cars with Synthetic Images · 31 cites
RESEARCH HOTSPOTS · Latvia
Where autonomous vehicles is researched across Latvia
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Riga11 · +0.44
Common questions
How many Auto companies are there in Latvia?
Radar tracks 43 indexable Auto companies headquartered in Latvia that meet our profile-completeness bar.
What is the total funding raised by Auto companies in Latvia?
The Auto companies in Latvia on this list have raised a combined $26.3M in disclosed equity funding across 1 funded companies.
Which is the highest-funded Auto company in Latvia?
Eleving is the highest-funded Auto company in Latvia, with $26.3M in disclosed equity funding.
How many Auto companies in Latvia are funded?
1 of the 43 Auto companies in Latvia on this list have disclosed at least one equity funding round.
How many Auto unicorns are there in Latvia?
None of the Auto companies in Latvia on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Latvia Auto companies?
The most active investors in Latvia Auto companies on this list include ACP Credit, Buildit, European Union, Mezzanine Management.
Riya SenguptaFinancials
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.