NeoFleet Capital Secured €3.5 Million in Pre-Seed Funding
The mobility startup has raised capital to bridge institutional finance with fragmented taxi fleets in high-growth markets.
Updated on Oct. 8, 2026 in Startups
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Limassol-based startup NeoFleet Capital has secured €3.5 million in pre-seed funding to scale its fleet management model. Founded in 2024, the company integrates financing, technology, maintenance, and insurance for professional taxi operators in Senegal, Côte d'Ivoire, and Peru.
Why it matters
NeoFleet aims to resolve the persistent lack of institutional capital available for professional taxi fleets in developing markets. By standardizing fleet management, the company positions itself to capture share in a mobility asset class worth over €445 billion globally.
NeoFleet manages a fleet-as-a-service model targeting a market where professional operators currently manage only 20-30% of global taxis. The company aims to support a fleet of 5,000 vehicles by the end of 2027, an asset base estimated at €65-87 million.
The players
NeoFleet Capital
A fleet management startup based in Cyprus that provides a franchise model covering financing, technology, and maintenance for mobility operators.
Mark Loughran
The President and co-founder of NeoFleet Capital who previously served as the President and CFO of inDrive.
Igor Shiyanov
A member of the leadership team at NeoFleet Capital focused on operational scale and financial integration.
Oleg Mosyazh
A member of the leadership team at NeoFleet Capital focused on operational scale and financial integration.
The details
NeoFleet acts as an intermediary connecting large-scale institutional capital with fragmented local taxi markets. Its platform provides an end-to-end management franchise that bundles vehicle financing, maintenance protocols, insurance underwriting, and operational software. This approach effectively lowers the risk profile for institutional investors while allowing local operators to scale their fleets beyond the constraints of traditional commercial lending.
Timeline
2024: NeoFleet Capital was founded in Limassol, Cyprus.
October 8, 2026: The pre-seed funding round was officially announced.
End of 2027: The firm aims to support 5,000 vehicles.
2035: The global commercial robotaxi market is projected to reach €365 billion.
The Tech Race
NeoFleet is competing to organize fragmented mobility markets ahead of the expected industry-wide transition to automated fleets. The company positions its current franchise model as a bridge toward the projected €365 billion commercial robotaxi market expected by 2035.
The startup's growth primarily changes the financial and operational workflows for taxi fleet owners in Senegal, Côte d'Ivoire, and Peru. Professional operators in these regions can expect expanded access to credit and vehicle maintenance services over the next three years.
The takeaway
NeoFleet is positioning itself to own the financial infrastructure of emerging mobility markets before the eventual shift to autonomous operations. Watch for the company's progress toward its 5,000-vehicle target by the end of 2027 as a key indicator of its model's scalability.
Further reading
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Does private financing for transport fleets effectively expand mobility access in emerging markets?
