Limassol-based NeoFleet Capital raises €3.5 million to finance taxi fleets across emerging markets

What happened

NeoFleet Capital, a Limassol-based investment and technology platform that finances professional taxi fleets, has raised €3.5 million in pre-Seed funding. The round was backed by Mark Loughran, former President and CFO of global ride-hailing operator inDrive, along with other private investors, and he has joined NeoFleet Capital as President and co-founder.

Founded in Cyprus in 2024, NeoFleet Capital finances and manages vehicle fleets for professional mobility operators across emerging markets, with operations currently in Senegal, Côte d’Ivoire, and Peru. The company has developed a Fleet Management Franchise model that combines vehicle financing, fleet management technology, operations and maintenance, and insurance solutions. NeoFleet estimates the global mobility fleet asset class at over €445 billion today.