Key Takeaways
- • NeoFleet Capital, a Limassol, Cyprus-based platform financing professional taxi fleets, raised $4 million in pre-seed funding, announced October 8, 2026.
- • Mark Loughran, former President and CFO of ride-hailing operator inDrive, backed the round alongside other private investors and joined as President and co-founder; DMTech VC is also listed as an investor, and no lead investor was named.
- • The company plans to deploy 1,000 vehicles by the end of 2026 and about 5,000 vehicles by the end of 2027, estimated at $75-100 million in vehicle value.
- • Current operations span Senegal, Côte d'Ivoire and Peru, with expansion targeted at high-growth mobility markets across Africa, Latin America and Asia.
- • The company's Fleet Management Franchise model bundles vehicle financing, fleet-management software, operations, maintenance and insurance, and it positions itself for future robotaxi financing.
Summary
NeoFleet Capital, a Limassol, Cyprus-based platform, has raised $4 million in pre-seed funding, the company announced on October 8, 2026. The company finances and manages vehicle fleets for professional taxi and mobility operators in emerging markets. It combines vehicle financing with fleet-management software, operations, maintenance and insurance under what it calls a Fleet Management Franchise model. The company did not disclose its valuation and did not name a lead investor, though former inDrive President and CFO Mark Loughran backed the round alongside other private investors. DMTech VC is also listed as an investor. Loughran has joined NeoFleet as President and co-founder.
Founded in Cyprus in 2024, NeoFleet currently operates in Senegal, Côte d'Ivoire and Peru. CEO Igor Shiyanov previously worked at inDrive and Boston Consulting Group and, before founding NeoFleet, built a delivery startup that was sold to a ride-hailing operator. Co-founder Oleg Mosyazh leads business development and capital raising, with earlier roles at Microsoft and PwC. Loughran has also held senior roles at Honeywell and Microsoft. In a statement, Loughran said: "People need rides, drivers want to work, and capital is the missing pito put more cars on the road."
NeoFleet says it will use the proceeds to enter additional high-growth mobility markets across Africa, Latin America and Asia. The company plans to deploy 1,000 vehicles across its network by the end of 2026 and to support about 5,000 vehicles by the end of 2027, which it estimates at $75-100 million in vehicle value. Its long-term strategy also contemplates autonomous vehicles. NeoFleet estimates that professional operators manage 20-30% of the world's taxis today and argues that robotaxis could push that share close to 100%, since driverless cars will still need to be financed, insured, maintained and repositioned. The company aims to become a major global capital and fleet-management platform for both human-driven and autonomous mobility.
Founded in Cyprus in 2024, NeoFleet currently operates in Senegal, Côte d'Ivoire and Peru. CEO Igor Shiyanov previously worked at inDrive and Boston Consulting Group and, before founding NeoFleet, built a delivery startup that was sold to a ride-hailing operator. Co-founder Oleg Mosyazh leads business development and capital raising, with earlier roles at Microsoft and PwC. Loughran has also held senior roles at Honeywell and Microsoft. In a statement, Loughran said: "People need rides, drivers want to work, and capital is the missing pito put more cars on the road."
NeoFleet says it will use the proceeds to enter additional high-growth mobility markets across Africa, Latin America and Asia. The company plans to deploy 1,000 vehicles across its network by the end of 2026 and to support about 5,000 vehicles by the end of 2027, which it estimates at $75-100 million in vehicle value. Its long-term strategy also contemplates autonomous vehicles. NeoFleet estimates that professional operators manage 20-30% of the world's taxis today and argues that robotaxis could push that share close to 100%, since driverless cars will still need to be financed, insured, maintained and repositioned. The company aims to become a major global capital and fleet-management platform for both human-driven and autonomous mobility.
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